YEARLY HIGH
222.4288 NGN
YEARLY LOW
164.2289 NGN
YEARLY AVERAGE
193.1586 NGN

2017 BAM to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the BAM to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 222.4288. Conversely, the yearly low was recorded on January 9, dropping to 164.2289.

This high-to-low spread represents a total annual volatility of 58.2000 NGN. From a start-to-finish perspective, comparing the January average rate of 170.1434 to the December average rate of 217.8187, the exchange rate registered a net change of 28.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 222.4288 was up 10.46% compared to the 2016 peak of 201.3573, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,112,144 NGN
2016 Average 727,587 NGN
Yearly Trough Low 821,144 NGN
Transaction Impact: A difference of 290,999.75 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

223.3905
165.3027
JanuMarcMayJulySeptNove

BAM 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 174.6160, compared to 211.7012 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 37.0852 points.

H1 Avg (Jan–Jun) 174.6160
H2 Avg (Jul–Dec) 211.7012

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 31.7213 NGN (High: 222.1401 / Low: 190.4188). On the other end, December was the most stable month, with a tight range of 4.4235 NGN (High: 220.4830 / Low: 216.0596).

August Spread (Volatile) ±31.7213
December Spread (Stable) ±4.4235

Growth Streaks & Declines

Trends

Between March and September, 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 September and October, when the average rate fell by 2.6478 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -2.6478

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2017: 218.5498) against the same month in 2016 (average: 179.2845), the exchange rate shifted by +39.2653 (+21.90%).

2017 Avg (September) 218.5498
2016 Avg (September) 179.2845

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 174.1928 164.2289 170.1434
February 175.1988 168.3028 171.6402
March 174.9781 167.9860 171.5372
April 176.3715 166.6562 172.4631
May 186.4069 175.1980 179.2427
June 203.9005 179.3413 182.6692
July 206.4074 179.4692 186.5766
August 222.1401 190.4188 215.6125
September 222.4288 214.6263 218.5498
October 218.2057 213.0267 215.9020
November 219.6750 211.3908 215.7474
December 220.4830 216.0596 217.8187