2017 BAM to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
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.
Comparing the value generated converting 5,000 BAM based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
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)
SeasonalThe 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.
Volatility Range Comparison
VolatilityThe 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).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing 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%).
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 |