2017 CAD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 CAD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the CAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 11, valuing the pair at 298.2247. Conversely, the yearly low was recorded on January 1, dropping to 229.1696.
This high-to-low spread represents a total annual volatility of 69.0552 NGN. From a start-to-finish perspective, comparing the January average rate of 236.9871 to the December average rate of 282.0244, the exchange rate registered a net change of 19.00% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 298.2247 was up 10.79% compared to the 2016 peak of 269.1857, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
CAD 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 236.4812, compared to 278.8947 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 42.4135 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 41.0733 NGN (High: 291.6838 / Low: 250.6105). On the other end, November was the most stable month, with a tight range of 7.2088 NGN (High: 283.7405 / Low: 276.5317).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 6.5867 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2017: 291.7628) against the same month in 2016 (average: 239.0828), the exchange rate shifted by +52.6800 (+22.03%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 242.6657 | 229.1696 | 236.9871 |
| February | 243.3041 | 234.3875 | 240.5795 |
| March | 238.7819 | 229.4410 | 234.5081 |
| April | 238.4004 | 229.5410 | 234.4092 |
| May | 242.2779 | 229.7434 | 233.1936 |
| June | 268.8055 | 232.0324 | 239.2100 |
| July | 278.1419 | 240.8803 | 249.3845 |
| August | 291.6838 | 250.6105 | 283.2268 |
| September | 298.2247 | 286.3620 | 291.7628 |
| October | 289.0738 | 279.0121 | 285.1761 |
| November | 283.7405 | 276.5317 | 281.7939 |
| December | 286.1867 | 278.3278 | 282.0244 |