YEARLY HIGH
0.0662 NGN
YEARLY LOW
0.0377 NGN
YEARLY AVERAGE
0.0490 NGN

2016 ZMK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the ZMK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 0.0662. Conversely, the yearly low was recorded on March 13, dropping to 0.0377.

This high-to-low spread represents a total annual volatility of 0.0285 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0379 to the December average rate of 0.0599, the exchange rate registered a net change of 58.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0662 was up 70.26% compared to the 2015 peak of 0.0389, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 331 NGN
2015 Average 188 NGN
Yearly Trough Low 189 NGN
Transaction Impact: A difference of 142.54 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0638
0.0355
JanuMarcMayJulySeptNove

ZMK 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 0.0387, compared to 0.0594 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0207 points.

H1 Avg (Jan–Jun) 0.0387
H2 Avg (Jul–Dec) 0.0594

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0161 NGN (High: 0.0539 / Low: 0.0378). On the other end, April was the most stable month, with a tight range of 0.0001 NGN (High: 0.0379 / Low: 0.0379).

June Spread (Volatile) ±0.0161
April Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0018 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 0.0614) against the same month in 2015 (average: 0.0379), the exchange rate shifted by +0.0235 (+62.10%).

2016 Avg (August) 0.0614
2015 Avg (August) 0.0379

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0380 0.0378 0.0379
February 0.0380 0.0378 0.0379
March 0.0379 0.0377 0.0379
April 0.0379 0.0379 0.0379
May 0.0379 0.0379 0.0379
June 0.0539 0.0378 0.0427
July 0.0613 0.0537 0.0559
August 0.0662 0.0594 0.0614
September 0.0600 0.0592 0.0596
October 0.0601 0.0588 0.0596
November 0.0601 0.0592 0.0597
December 0.0604 0.0582 0.0599