YEARLY HIGH
978.5159 NGN
YEARLY LOW
804.9745 NGN
YEARLY AVERAGE
884.6948 NGN

2017 BHD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the BHD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 978.5159. Conversely, the yearly low was recorded on January 9, dropping to 804.9745.

This high-to-low spread represents a total annual volatility of 173.5414 NGN. From a start-to-finish perspective, comparing the January average rate of 830.4993 to the December average rate of 954.1744, the exchange rate registered a net change of 14.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 978.5159 was up 5.99% compared to the 2016 peak of 923.2337, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,892,580 NGN
2016 Average 3,417,120 NGN
Yearly Trough Low 4,024,872 NGN
Transaction Impact: A difference of 867,707.21 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

966.5419
818.1318
JanuMarcMayJulySeptNove

BHD 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 836.6431, compared to 932.7466 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 96.1034 points.

H1 Avg (Jan–Jun) 836.6431
H2 Avg (Jul–Dec) 932.7466

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 143.1496 NGN (High: 978.5159 / Low: 835.3663). On the other end, December was the most stable month, with a tight range of 6.6968 NGN (High: 957.3048 / Low: 950.6080).

August Spread (Volatile) ±143.1496
December Spread (Stable) ±6.6968

Growth Streaks & Declines

Trends

Between 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 4.4284 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -4.4284

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 946.7909) against the same month in 2016 (average: 855.0444), the exchange rate shifted by +91.7465 (+10.73%).

2017 Avg (August) 946.7909
2016 Avg (August) 855.0444

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 842.1862 804.9745 830.4993
February 842.2979 811.1719 836.2584
March 847.0857 811.5302 832.4814
April 842.3940 815.6952 835.6880
May 863.0451 831.7066 840.9571
June 929.1586 829.7227 843.9746
July 929.3040 810.9783 839.5462
August 978.5159 835.3663 946.7909
September 959.0593 939.9269 951.2326
October 956.6849 943.6088 952.1474
November 960.2181 943.6288 952.5879
December 957.3048 950.6080 954.1744