2016 XCD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 XCD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the XCD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 128.9357. Conversely, the yearly low was recorded on March 12, dropping to 73.3928.
This high-to-low spread represents a total annual volatility of 55.5429 NGN. From a start-to-finish perspective, comparing the January average rate of 73.7042 to the December average rate of 116.5509, the exchange rate registered a net change of 58.13% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 128.9357 was up 70.42% compared to the 2015 peak of 75.6576, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XCD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
XCD 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 75.2034, compared to 115.3987 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 40.1953 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 31.3024 NGN (High: 104.7423 / Low: 73.4399). On the other end, April was the most stable month, with a tight range of 0.1463 NGN (High: 73.7299 / Low: 73.5836).
Growth Streaks & Declines
TrendsBetween April and August, 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 August and September, when the average rate fell by 3.4901 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2016: 119.4527) against the same month in 2015 (average: 73.6703), the exchange rate shifted by +45.7823 (+62.14%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 73.9617 | 73.5998 | 73.7042 |
| February | 73.9632 | 73.4544 | 73.6622 |
| March | 73.7886 | 73.3928 | 73.6606 |
| April | 73.7299 | 73.5836 | 73.6464 |
| May | 73.7130 | 73.5634 | 73.6500 |
| June | 104.7423 | 73.4399 | 82.8969 |
| July | 118.5566 | 104.3038 | 108.2912 |
| August | 128.9357 | 115.5470 | 119.4527 |
| September | 116.7453 | 115.1621 | 115.9625 |
| October | 116.9729 | 114.4165 | 115.9095 |
| November | 117.0065 | 115.2596 | 116.2255 |
| December | 117.2966 | 113.1527 | 116.5509 |