YEARLY HIGH
1.6199 NGN
YEARLY LOW
0.9019 NGN
YEARLY AVERAGE
1.1894 NGN

2016 SYP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SYP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 1.6199. Conversely, the yearly low was recorded on March 12, dropping to 0.9019.

This high-to-low spread represents a total annual volatility of 0.7180 NGN. From a start-to-finish perspective, comparing the January average rate of 0.9049 to the December average rate of 1.4744, the exchange rate registered a net change of 62.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.6199 was up 49.71% compared to the 2015 peak of 1.0820, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,100 NGN
2015 Average 5,097 NGN
Yearly Trough Low 4,509 NGN
Transaction Impact: A difference of 3,590.21 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.5596
0.8453
JanuMarcMayJulySeptNove

SYP 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 0.9255, compared to 1.4533 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5278 points.

H1 Avg (Jan–Jun) 0.9255
H2 Avg (Jul–Dec) 1.4533

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.3971 NGN (High: 1.3028 / Low: 0.9057). On the other end, April was the most stable month, with a tight range of 0.0016 NGN (High: 0.9075 / Low: 0.9059).

June Spread (Volatile) ±0.3971
April Spread (Stable) ±0.0016

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 0.0392 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0392

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 1.5001) against the same month in 2015 (average: 1.0538), the exchange rate shifted by +0.4463 (+42.35%).

2016 Avg (August) 1.5001
2015 Avg (August) 1.0538

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.9085 0.9031 0.9049
February 0.9089 0.9026 0.9051
March 0.9066 0.9019 0.9055
April 0.9075 0.9059 0.9067
May 0.9083 0.9059 0.9072
June 1.3028 0.9057 1.0236
July 1.4850 1.3026 1.3546
August 1.6199 1.4539 1.5001
September 1.4704 1.4479 1.4609
October 1.4755 1.4427 1.4624
November 1.4773 1.4538 1.4671
December 1.4862 1.4337 1.4744