YEARLY HIGH
0.5977 NGN
YEARLY LOW
0.3195 NGN
YEARLY AVERAGE
0.4363 NGN

2016 SOS to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SOS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 0.5977. Conversely, the yearly low was recorded on January 11, dropping to 0.3195.

This high-to-low spread represents a total annual volatility of 0.2782 NGN. From a start-to-finish perspective, comparing the January average rate of 0.3217 to the December average rate of 0.5496, the exchange rate registered a net change of 70.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.5977 was up 80.60% compared to the 2015 peak of 0.3310, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,989 NGN
2015 Average 1,472 NGN
Yearly Trough Low 1,598 NGN
Transaction Impact: A difference of 1,391.05 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.5769
0.2985
JanuMarcMayJulySeptNove

SOS 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 0.3348, compared to 0.5378 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2031 points.

H1 Avg (Jan–Jun) 0.3348
H2 Avg (Jul–Dec) 0.5378

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.1528 NGN (High: 0.4847 / Low: 0.3319). On the other end, March was the most stable month, with a tight range of 0.0037 NGN (High: 0.3270 / Low: 0.3233).

June Spread (Volatile) ±0.1528
March Spread (Stable) ±0.0037

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0172 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0172

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 0.5537) against the same month in 2015 (average: 0.2980), the exchange rate shifted by +0.2556 (+85.78%).

2016 Avg (August) 0.5537
2015 Avg (August) 0.2980

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.3251 0.3195 0.3217
February 0.3265 0.3221 0.3247
March 0.3270 0.3233 0.3250
April 0.3299 0.3233 0.3263
May 0.3366 0.3243 0.3296
June 0.4847 0.3319 0.3814
July 0.5539 0.4795 0.5025
August 0.5977 0.5333 0.5537
September 0.5408 0.5309 0.5365
October 0.5479 0.5297 0.5383
November 0.5672 0.5386 0.5465
December 0.5691 0.5269 0.5496