2017 AED to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 AED to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the AED to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 100.4689. Conversely, the yearly low was recorded on January 9, dropping to 82.6336.
This high-to-low spread represents a total annual volatility of 17.8353 NGN. From a start-to-finish perspective, comparing the January average rate of 85.2429 to the December average rate of 97.9538, the exchange rate registered a net change of 14.91% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 100.4689 was up 6.04% compared to the 2016 peak of 94.7444, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AED based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
AED 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 85.8780, compared to 95.7834 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.9055 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 14.6893 NGN (High: 100.4689 / Low: 85.7796). On the other end, December was the most stable month, with a tight range of 0.7149 NGN (High: 98.3097 / Low: 97.5948).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.4552 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 97.2001) against the same month in 2016 (average: 87.7820), the exchange rate shifted by +9.4181 (+10.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 86.4413 | 82.6336 | 85.2429 |
| February | 86.4440 | 83.2710 | 85.8310 |
| March | 86.7244 | 83.3007 | 85.4503 |
| April | 86.4440 | 83.7960 | 85.7651 |
| May | 88.5780 | 85.3544 | 86.3138 |
| June | 95.4236 | 85.2176 | 86.6648 |
| July | 95.4257 | 83.2684 | 86.2096 |
| August | 100.4689 | 85.7796 | 97.2001 |
| September | 98.4150 | 96.5126 | 97.6561 |
| October | 98.2004 | 96.9187 | 97.8028 |
| November | 98.6316 | 96.9231 | 97.8784 |
| December | 98.3097 | 97.5948 | 97.9538 |