YEARLY HIGH
95.5934 NGN
YEARLY LOW
54.4252 NGN
YEARLY AVERAGE
70.6895 NGN

2016 QAR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the QAR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 95.5934. Conversely, the yearly low was recorded on March 12, dropping to 54.4252.

This high-to-low spread represents a total annual volatility of 41.1682 NGN. From a start-to-finish perspective, comparing the January average rate of 54.6681 to the December average rate of 86.4666, the exchange rate registered a net change of 58.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 95.5934 was up 70.30% compared to the 2015 peak of 56.1317, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 QAR based on timing:

Yearly Peak High 477,967 NGN
2015 Average 271,735 NGN
Yearly Trough Low 272,126 NGN
Transaction Impact: A difference of 205,841.08 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

91.9444
51.2440
JanuMarcMayJulySeptNove

QAR to NGN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 55.8061, compared to 85.5729 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 29.7668 points.

H1 Avg (Jan–Jun) 55.8061
H2 Avg (Jul–Dec) 85.5729

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 23.1992 NGN (High: 77.7289 / Low: 54.5297). On the other end, April was the most stable month, with a tight range of 0.0946 NGN (High: 54.7168 / Low: 54.6223).

June Spread (Volatile) ±23.1992
April Spread (Stable) ±0.0946

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 2.5963 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -2.5963

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 88.5527) against the same month in 2015 (average: 54.6427), the exchange rate shifted by +33.9100 (+62.06%).

2016 Avg (August) 88.5527
2015 Avg (August) 54.6427

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 54.8684 54.5896 54.6681
February 54.8568 54.4986 54.6386
March 54.7307 54.4252 54.6357
April 54.7168 54.6223 54.6661
May 54.7278 54.6328 54.6806
June 77.7289 54.5297 61.5476
July 87.8731 77.4348 80.3467
August 95.5934 85.6578 88.5527
September 86.5364 85.3653 85.9564
October 86.6965 84.7972 85.9415
November 86.7304 85.4445 86.1734
December 87.0579 83.9812 86.4666