YEARLY HIGH
41.5498 NGN
YEARLY LOW
23.1204 NGN
YEARLY AVERAGE
29.9426 NGN

2016 SEK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SEK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 41.5498. Conversely, the yearly low was recorded on March 2, dropping to 23.1204.

This high-to-low spread represents a total annual volatility of 18.4294 NGN. From a start-to-finish perspective, comparing the January average rate of 23.3122 to the December average rate of 34.1764, the exchange rate registered a net change of 46.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 41.5498 was up 69.51% compared to the 2015 peak of 24.5113, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 207,749 NGN
2015 Average 117,320 NGN
Yearly Trough Low 115,602 NGN
Transaction Impact: A difference of 92,146.91 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

39.5401
21.8370
JanuMarcMayJulySeptNove

SEK 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 24.3854, compared to 35.4998 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.1145 points.

H1 Avg (Jan–Jun) 24.3854
H2 Avg (Jul–Dec) 35.4998

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 10.8205 NGN (High: 34.6837 / Low: 23.8632). On the other end, April was the most stable month, with a tight range of 0.3801 NGN (High: 24.7710 / Low: 24.3909).

June Spread (Volatile) ±10.8205
April Spread (Stable) ±0.3801

Growth Streaks & Declines

Trends

Between January and April, 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 1.3991 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -1.3991

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 38.0649) against the same month in 2015 (average: 23.2871), the exchange rate shifted by +14.7778 (+63.46%).

2016 Avg (August) 38.0649
2015 Avg (August) 23.2871

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 23.6246 23.1724 23.3122
February 23.7263 23.2441 23.4848
March 24.4620 23.1204 23.8500
April 24.7710 24.3909 24.4958
May 24.9560 23.8388 24.2050
June 34.6837 23.8632 26.9643
July 37.3576 32.8696 34.1649
August 41.5498 36.4840 38.0649
September 37.1253 36.2717 36.6658
October 36.6408 34.6760 35.5561
November 35.0589 33.6952 34.3709
December 34.8064 33.5774 34.1764