2016 PKR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 PKR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the PKR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 3.3216. Conversely, the yearly low was recorded on May 23, dropping to 1.8923.
This high-to-low spread represents a total annual volatility of 1.4293 NGN. From a start-to-finish perspective, comparing the January average rate of 1.8977 to the December average rate of 3.0047, the exchange rate registered a net change of 58.33% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 3.3216 was up 64.60% compared to the 2015 peak of 2.0180, indicating shifts in long-term support levels.
Comparing the value generated converting 500,000 PKR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
PKR to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.9406, compared to 2.9757 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0351 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 0.8013 NGN (High: 2.7011 / Low: 1.8998). On the other end, April was the most stable month, with a tight range of 0.0042 NGN (High: 1.9023 / Low: 1.8981).
Growth Streaks & Declines
TrendsBetween May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0858 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2016: 3.0798) against the same month in 2015 (average: 1.9440), the exchange rate shifted by +1.1358 (+58.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.9007 | 1.8958 | 1.8977 |
| February | 1.9074 | 1.8956 | 1.9016 |
| March | 1.9039 | 1.8974 | 1.9009 |
| April | 1.9023 | 1.8981 | 1.9006 |
| May | 1.9026 | 1.8923 | 1.9006 |
| June | 2.7011 | 1.8998 | 2.1422 |
| July | 3.0520 | 2.6923 | 2.7919 |
| August | 3.3216 | 2.9786 | 3.0798 |
| September | 3.0197 | 2.9694 | 2.9940 |
| October | 3.0122 | 2.9509 | 2.9906 |
| November | 3.0127 | 2.9667 | 2.9932 |
| December | 3.0275 | 2.9198 | 3.0047 |