2016 TOP to NGN Historical Review

YEARLY HIGH

154.5980 NGN

YEARLY LOW

85.1144 NGN

YEARLY AVERAGE

114.3287 NGN

2016 TOP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 154.5980. Conversely, the yearly low was recorded on February 7, dropping to 85.1144.

This high-to-low spread represents a total annual volatility of 69.4835 NGN. From a start-to-finish perspective, comparing the January average rate of 88.2626 to the December average rate of 138.2443, the exchange rate registered a net change of 56.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 154.5980 was up 52.14% compared to the 2015 peak of 101.6178, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 772,990 NGN

2015 Average 467,524 NGN

Yearly Trough Low 425,572 NGN

Transaction Impact: A difference of 347,417.56 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

148.2872

81.8846

JanuMarcMayJulySeptNove

TOP 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 90.2745, compared to 138.3829 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 48.1084 points.

H1 Avg (Jan–Jun) 90.2745

H2 Avg (Jul–Dec) 138.3829

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 40.3147 NGN (High: 127.5008 / Low: 87.1861). On the other end, March was the most stable month, with a tight range of 1.2867 NGN (High: 89.0325 / Low: 87.7458).

June Spread (Volatile) ±40.3147

March Spread (Stable) ±1.2867

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 3.5878 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.5878

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 142.7537) against the same month in 2015 (average: 89.5112), the exchange rate shifted by +53.2425 (+59.48%).

2016 Avg (August) 142.7537

2015 Avg (August) 89.5112

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	89.2597	86.6751	88.2626
February	88.6414	85.1144	87.4181
March	89.0325	87.7458	88.3082
April	90.1433	88.7338	89.3100
May	89.5965	87.3632	88.4132
June	127.5008	87.1861	99.9347
July	140.0043	124.8952	129.1413
August	154.5980	137.9683	142.7537
September	140.3273	137.8667	139.1659
October	142.5590	138.3672	140.8386
November	143.7885	137.2332	140.1535
December	140.8498	132.4713	138.2443