YEARLY HIGH
0.0101 BBD
YEARLY LOW
0.0057 BBD
YEARLY AVERAGE
0.0082 BBD

2016 NGN to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0101. Conversely, the yearly low was recorded on August 22, dropping to 0.0057.

This high-to-low spread represents a total annual volatility of 0.0043 BBD. From a start-to-finish perspective, comparing the January average rate of 0.0100 to the December average rate of 0.0064, the exchange rate registered a net change of -36.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0101 was down 9.24% compared to the 2015 peak of 0.0111, 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 10,089 BBD
2015 Average 10,111 BBD
Yearly Trough Low 5,747 BBD
Transaction Impact: A difference of 4,341.88 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0104
0.0058
JanuMarcMayJulySeptNove

NGN to BBD 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 0.0099, compared to 0.0064 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0035 points.

H1 Avg (Jan–Jun) 0.0099
H2 Avg (Jul–Dec) 0.0064

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0030 BBD (High: 0.0101 / Low: 0.0071). On the other end, April was the most stable month, with a tight range of 0.0000 BBD (High: 0.0101 / Low: 0.0100).

June Spread (Volatile) ±0.0030
April Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between January and March, 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 June and July, when the average rate fell by 0.0023 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 0.0101) against the same month in 2015 (average: 0.0100), the exchange rate shifted by +0.0000 (+0.29%).

2016 Avg (March) 0.0101
2015 Avg (March) 0.0100

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0101 0.0100 0.0100
February 0.0101 0.0100 0.0101
March 0.0101 0.0100 0.0101
April 0.0101 0.0100 0.0100
May 0.0101 0.0100 0.0100
June 0.0101 0.0071 0.0092
July 0.0071 0.0063 0.0068
August 0.0064 0.0057 0.0062
September 0.0064 0.0063 0.0064
October 0.0065 0.0063 0.0064
November 0.0064 0.0063 0.0064
December 0.0066 0.0063 0.0064