2016 SDG to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 SDG to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the SDG to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 57.2834. Conversely, the yearly low was recorded on January 3, dropping to 32.2902.
This high-to-low spread represents a total annual volatility of 24.9931 NGN. From a start-to-finish perspective, comparing the January average rate of 32.5428 to the December average rate of 48.4870, the exchange rate registered a net change of 48.99% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 57.2834 was up 66.93% compared to the 2015 peak of 34.3166, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SDG based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
SDG 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 33.3269, compared to 50.0310 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 16.7041 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 13.8091 NGN (High: 46.4634 / Low: 32.6543). On the other end, February was the most stable month, with a tight range of 0.0851 NGN (High: 32.6583 / Low: 32.5732).
Growth Streaks & Declines
TrendsBetween April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 2.0148 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2016: 53.0431) against the same month in 2015 (average: 32.7566), the exchange rate shifted by +20.2866 (+61.93%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 32.6418 | 32.2902 | 32.5428 |
| February | 32.6583 | 32.5732 | 32.6212 |
| March | 32.7222 | 32.5752 | 32.6422 |
| April | 32.7055 | 32.5845 | 32.6373 |
| May | 32.7312 | 32.6375 | 32.6863 |
| June | 46.4634 | 32.6543 | 36.8320 |
| July | 52.6588 | 46.3862 | 48.1137 |
| August | 57.2834 | 51.3219 | 53.0431 |
| September | 51.8072 | 51.0375 | 51.4173 |
| October | 51.7481 | 48.6666 | 50.5698 |
| November | 49.4121 | 48.0913 | 48.5551 |
| December | 48.9046 | 46.9231 | 48.4870 |