2016 ZAR to NGN Historical Review

YEARLY HIGH

25.6575 NGN

YEARLY LOW

11.8113 NGN

YEARLY AVERAGE

17.7461 NGN

2016 ZAR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the ZAR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 25.6575. Conversely, the yearly low was recorded on January 18, dropping to 11.8113.

This high-to-low spread represents a total annual volatility of 13.8462 NGN. From a start-to-finish perspective, comparing the January average rate of 12.2353 to the December average rate of 22.7120, the exchange rate registered a net change of 85.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 25.6575 was up 45.97% compared to the 2015 peak of 17.5778, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 1,282,876 NGN

2015 Average 779,313 NGN

Yearly Trough Low 590,564 NGN

Transaction Impact: A difference of 692,311.20 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

24.5545

11.1154

JanuMarcMayJulySeptNove

ZAR 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 13.2185, compared to 22.2738 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.0553 points.

H1 Avg (Jan–Jun) 13.2185

H2 Avg (Jul–Dec) 22.2738

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 6.9157 NGN (High: 19.6394 / Low: 12.7237). On the other end, February was the most stable month, with a tight range of 0.7635 NGN (High: 13.0735 / Low: 12.3099).

June Spread (Volatile) ±6.9157

February Spread (Stable) ±0.7635

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 1.2026 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.2026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 23.4346) against the same month in 2015 (average: 15.4310), the exchange rate shifted by +8.0036 (+51.87%).

2016 Avg (August) 23.4346

2015 Avg (August) 15.4310

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.8748	11.8113	12.2353
February	13.0735	12.3099	12.5949
March	13.4663	12.5685	12.9568
April	13.9913	13.0660	13.6268
May	14.0038	12.6032	13.0176
June	19.6394	12.7237	14.8797
July	22.9704	19.0815	20.3352
August	25.6575	21.2929	23.4346
September	23.1471	21.3592	22.2320
October	23.1197	21.8138	22.4726
November	23.6451	21.6363	22.4562
December	23.3144	22.2607	22.7120