2016 XDR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 XDR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the XDR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 486.7861. Conversely, the yearly low was recorded on January 30, dropping to 274.2651.
This high-to-low spread represents a total annual volatility of 212.5210 NGN. From a start-to-finish perspective, comparing the January average rate of 275.1239 to the December average rate of 424.0046, the exchange rate registered a net change of 54.11% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 486.7861 was up 68.40% compared to the 2015 peak of 289.0705, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XDR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
XDR 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 284.4761, compared to 430.0766 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 145.6006 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 123.3747 NGN (High: 402.6842 / Low: 279.3095). On the other end, January was the most stable month, with a tight range of 1.9413 NGN (High: 276.2064 / Low: 274.2651).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 12.8008 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2016: 450.7082) against the same month in 2015 (average: 279.0247), the exchange rate shifted by +171.6835 (+61.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 276.2064 | 274.2651 | 275.1239 |
| February | 280.1020 | 274.4706 | 277.4594 |
| March | 280.2869 | 274.8917 | 277.7788 |
| April | 282.4621 | 279.4845 | 280.4111 |
| May | 283.6352 | 279.1862 | 280.7761 |
| June | 402.6842 | 279.3095 | 315.3070 |
| July | 445.8565 | 392.1330 | 407.0236 |
| August | 486.7861 | 434.8446 | 450.7082 |
| September | 441.7877 | 434.3658 | 437.9074 |
| October | 438.9185 | 428.0476 | 432.1256 |
| November | 435.0263 | 423.7719 | 428.6904 |
| December | 429.4074 | 411.0977 | 424.0046 |