YEARLY HIGH
50.0437 NGN
YEARLY LOW
28.4277 NGN
YEARLY AVERAGE
42.6217 NGN

2016 SRD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SRD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 31, valuing the pair at 50.0437. Conversely, the yearly low was recorded on June 19, dropping to 28.4277.

This high-to-low spread represents a total annual volatility of 21.6160 NGN. From a start-to-finish perspective, comparing the January average rate of 49.8626 to the December average rate of 42.7559, the exchange rate registered a net change of -14.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 50.0437 was down 19.58% compared to the 2015 peak of 62.2312, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 250,219 NGN
2015 Average 297,279 NGN
Yearly Trough Low 142,139 NGN
Transaction Impact: A difference of 108,080.08 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

51.6081
30.6678
JanuMarcMayJulySeptNove

SRD 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 42.2857, compared to 42.9576 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6719 points.

H1 Avg (Jan–Jun) 42.2857
H2 Avg (Jul–Dec) 42.9576

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 11.9834 NGN (High: 40.4111 / Low: 28.4277). On the other end, January was the most stable month, with a tight range of 0.2448 NGN (High: 50.0368 / Low: 49.7920).

June Spread (Volatile) ±11.9834
January Spread (Stable) ±0.2448

Growth Streaks & Declines

Trends

Between June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 12.3945 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -12.3945

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 49.8631) against the same month in 2015 (average: 60.7055), the exchange rate shifted by -10.8424 (-17.86%).

2016 Avg (March) 49.8631
2015 Avg (March) 60.7055

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 50.0368 49.7920 49.8626
February 50.0378 49.6937 49.8407
March 50.0437 49.6520 49.8631
April 39.2423 34.8269 37.4686
May 35.7816 30.8062 34.2666
June 40.4111 28.4277 32.4128
July 45.1162 39.8928 41.4293
August 48.5864 42.3584 44.8758
September 43.8271 40.2602 41.7634
October 46.0877 40.8342 43.3975
November 44.8506 42.8172 43.5240
December 43.1933 41.2436 42.7559