2017 ARS to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 ARS to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the ARS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 21.4627. Conversely, the yearly low was recorded on July 28, dropping to 17.2063.
This high-to-low spread represents a total annual volatility of 4.2564 NGN. From a start-to-finish perspective, comparing the January average rate of 19.7071 to the December average rate of 20.3126, the exchange rate registered a net change of 3.07% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 21.4627 was down 8.32% compared to the 2016 peak of 23.4106, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ARS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
ARS 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 20.1142, compared to 20.2042 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0900 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 3.6209 NGN (High: 21.4627 / Low: 17.8418). On the other end, October was the most stable month, with a tight range of 0.4643 NGN (High: 20.7720 / Low: 20.3077).
Growth Streaks & Declines
TrendsBetween July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 1.3204 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 20.4972) against the same month in 2016 (average: 21.7297), the exchange rate shifted by -1.2325 (-5.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.0443 | 19.1104 | 19.7071 |
| February | 20.5544 | 19.3641 | 20.2471 |
| March | 20.8327 | 19.6312 | 20.2251 |
| April | 20.8737 | 19.8990 | 20.5391 |
| May | 20.8774 | 19.4336 | 20.1913 |
| June | 21.3602 | 18.8884 | 19.7755 |
| July | 20.6019 | 17.2063 | 18.4551 |
| August | 21.4627 | 17.8418 | 20.4972 |
| September | 21.2489 | 20.2664 | 20.8156 |
| October | 20.7720 | 20.3077 | 20.5825 |
| November | 20.8542 | 20.1826 | 20.5621 |
| December | 20.9384 | 18.7489 | 20.3126 |