YEARLY HIGH
0.0718 NGN
YEARLY LOW
0.0474 NGN
YEARLY AVERAGE
0.0529 NGN

2016 SLL to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SLL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 0.0718. Conversely, the yearly low was recorded on January 7, dropping to 0.0474.

This high-to-low spread represents a total annual volatility of 0.0245 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0480 to the December average rate of 0.0569, the exchange rate registered a net change of 18.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0718 was up 34.84% compared to the 2015 peak of 0.0533, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 359 NGN
2015 Average 240 NGN
Yearly Trough Low 237 NGN
Transaction Impact: A difference of 122.27 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0590
0.0470
JanuMarcMayJulySeptNove

SLL 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 0.0500, compared to 0.0559 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0059 points.

H1 Avg (Jan–Jun) 0.0500
H2 Avg (Jul–Dec) 0.0559

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0215 NGN (High: 0.0718 / Low: 0.0503). On the other end, May was the most stable month, with a tight range of 0.0004 NGN (High: 0.0507 / Low: 0.0503).

June Spread (Volatile) ±0.0215
May Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between January and June, 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 0.0024 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 0.0536) against the same month in 2015 (average: 0.0469), the exchange rate shifted by +0.0068 (+14.44%).

2016 Avg (June) 0.0536
2015 Avg (June) 0.0469

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0484 0.0474 0.0480
February 0.0490 0.0482 0.0486
March 0.0498 0.0488 0.0492
April 0.0505 0.0498 0.0502
May 0.0507 0.0503 0.0504
June 0.0718 0.0503 0.0536
July 0.0577 0.0511 0.0530
August 0.0620 0.0556 0.0580
September 0.0566 0.0551 0.0556
October 0.0562 0.0549 0.0557
November 0.0566 0.0554 0.0561
December 0.0575 0.0557 0.0569