YEARLY HIGH
2.4946 AMD
YEARLY LOW
1.3643 AMD
YEARLY AVERAGE
1.9645 AMD

2016 NGN to AMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to AMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 2.4946. Conversely, the yearly low was recorded on August 22, dropping to 1.3643.

This high-to-low spread represents a total annual volatility of 1.1303 AMD. From a start-to-finish perspective, comparing the January average rate of 2.4385 to the December average rate of 1.5329, the exchange rate registered a net change of -37.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.4946 was down 5.40% compared to the 2015 peak of 2.6369, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 2,494,593 AMD
2015 Average 2,415,389 AMD
Yearly Trough Low 1,364,253 AMD
Transaction Impact: A difference of 1,130,339.71 AMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.5826
1.3754
JanuMarcMayJulySeptNove

NGN to AMD 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 2.3960, compared to 1.5330 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8630 points.

H1 Avg (Jan–Jun) 2.3960
H2 Avg (Jul–Dec) 1.5330

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.7280 AMD (High: 2.4102 / Low: 1.6822). On the other end, May was the most stable month, with a tight range of 0.0119 AMD (High: 2.4103 / Low: 2.3984).

June Spread (Volatile) ±0.7280
May Spread (Stable) ±0.0119

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.5547 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.5547

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 2.4820) against the same month in 2015 (average: 2.4133), the exchange rate shifted by +0.0687 (+2.85%).

2016 Avg (February) 2.4820
2015 Avg (February) 2.4133

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.4548 2.4261 2.4385
February 2.4946 2.4564 2.4820
March 2.4755 2.4136 2.4468
April 2.4323 2.4054 2.4181
May 2.4103 2.3984 2.4039
June 2.4102 1.6822 2.1865
July 1.6920 1.4882 1.6319
August 1.5222 1.3643 1.4760
September 1.5273 1.5057 1.5147
October 1.5364 1.5053 1.5182
November 1.5340 1.5146 1.5242
December 1.5816 1.5174 1.5329