YEARLY HIGH
0.5991 NGN
YEARLY LOW
0.3264 NGN
YEARLY AVERAGE
0.4330 NGN

2016 XAF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the XAF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 0.5991. Conversely, the yearly low was recorded on January 5, dropping to 0.3264.

This high-to-low spread represents a total annual volatility of 0.2727 NGN. From a start-to-finish perspective, comparing the January average rate of 0.3294 to the December average rate of 0.5055, the exchange rate registered a net change of 53.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.5991 was up 68.71% compared to the 2015 peak of 0.3551, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,996 NGN
2015 Average 1,673 NGN
Yearly Trough Low 1,632 NGN
Transaction Impact: A difference of 1,363.64 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.5716
0.3074
JanuMarcMayJulySeptNove

XAF 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 0.3454, compared to 0.5205 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1751 points.

H1 Avg (Jan–Jun) 0.3454
H2 Avg (Jul–Dec) 0.5205

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.1520 NGN (High: 0.4896 / Low: 0.3376). On the other end, January was the most stable month, with a tight range of 0.0049 NGN (High: 0.3313 / Low: 0.3264).

June Spread (Volatile) ±0.1520
January Spread (Stable) ±0.0049

Growth Streaks & Declines

Trends

Between 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 0.0158 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0158

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 0.5496) against the same month in 2015 (average: 0.3375), the exchange rate shifted by +0.2122 (+62.87%).

2016 Avg (August) 0.5496
2015 Avg (August) 0.3375

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.3313 0.3264 0.3294
February 0.3431 0.3300 0.3365
March 0.3441 0.3296 0.3375
April 0.3467 0.3412 0.3438
May 0.3491 0.3374 0.3426
June 0.4896 0.3376 0.3827
July 0.5425 0.4745 0.4927
August 0.5991 0.5295 0.5496
September 0.5384 0.5295 0.5338
October 0.5359 0.5186 0.5256
November 0.5320 0.5048 0.5160
December 0.5160 0.4899 0.5055