YEARLY HIGH
0.2413 PHP
YEARLY LOW
0.1337 PHP
YEARLY AVERAGE
0.1933 PHP

2016 NGN to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.2413. Conversely, the yearly low was recorded on August 22, dropping to 0.1337.

This high-to-low spread represents a total annual volatility of 0.1077 PHP. From a start-to-finish perspective, comparing the January average rate of 0.2387 to the December average rate of 0.1581, the exchange rate registered a net change of -33.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.2413 was down 3.38% compared to the 2015 peak of 0.2498, 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 241,335 PHP
2015 Average 230,134 PHP
Yearly Trough Low 133,654 PHP
Transaction Impact: A difference of 107,680.95 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.2488
0.1352
JanuMarcMayJulySeptNove

NGN to PHP 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 0.2321, compared to 0.1545 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0776 points.

H1 Avg (Jan–Jun) 0.2321
H2 Avg (Jul–Dec) 0.1545

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0702 PHP (High: 0.2344 / Low: 0.1642). On the other end, October was the most stable month, with a tight range of 0.0034 PHP (High: 0.1564 / Low: 0.1531).

June Spread (Volatile) ±0.0702
October Spread (Stable) ±0.0034

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 0.0514 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0514

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.2387) against the same month in 2015 (average: 0.2398), the exchange rate shifted by -0.0011 (-0.46%).

2016 Avg (January) 0.2387
2015 Avg (January) 0.2398

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.2413 0.2354 0.2387
February 0.2412 0.2378 0.2393
March 0.2375 0.2311 0.2341
April 0.2361 0.2313 0.2329
May 0.2377 0.2337 0.2352
June 0.2344 0.1642 0.2125
July 0.1675 0.1472 0.1611
August 0.1494 0.1337 0.1447
September 0.1552 0.1481 0.1519
October 0.1564 0.1531 0.1545
November 0.1590 0.1539 0.1569
December 0.1622 0.1570 0.1581