2016 WST to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 WST to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the WST to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 137.0564. Conversely, the yearly low was recorded on January 25, dropping to 73.9045.
This high-to-low spread represents a total annual volatility of 63.1519 NGN. From a start-to-finish perspective, comparing the January average rate of 76.7418 to the December average rate of 124.0097, the exchange rate registered a net change of 61.59% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 137.0564 was up 67.34% compared to the 2015 peak of 81.9015, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 WST based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
WST to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 79.6267, compared to 122.9801 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 43.3534 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 35.4829 NGN (High: 112.5898 / Low: 77.1069). On the other end, April was the most stable month, with a tight range of 1.7212 NGN (High: 79.6359 / Low: 77.9147).
Growth Streaks & Declines
TrendsBetween January and April, 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 3.0813 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2016: 126.9933) against the same month in 2015 (average: 77.5703), the exchange rate shifted by +49.4230 (+63.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 78.3752 | 73.9045 | 76.7418 |
| February | 77.9959 | 75.2161 | 77.0947 |
| March | 79.3623 | 77.3730 | 78.3716 |
| April | 79.6359 | 77.9147 | 79.1295 |
| May | 79.4998 | 76.2198 | 78.0379 |
| June | 112.5898 | 77.1069 | 88.3849 |
| July | 124.4972 | 109.3208 | 115.2124 |
| August | 137.0564 | 122.8761 | 126.9933 |
| September | 124.7913 | 122.6859 | 123.9120 |
| October | 124.8706 | 121.8964 | 123.5894 |
| November | 125.6295 | 122.7406 | 124.1639 |
| December | 125.3245 | 118.0956 | 124.0097 |