YEARLY HIGH
55.7861 NGN
YEARLY LOW
43.7496 NGN
YEARLY AVERAGE
49.4417 NGN

2017 CNY to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the CNY to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 55.7861. Conversely, the yearly low was recorded on January 9, dropping to 43.7496.

This high-to-low spread represents a total annual volatility of 12.0366 NGN. From a start-to-finish perspective, comparing the January average rate of 45.3912 to the December average rate of 54.5779, the exchange rate registered a net change of 20.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 55.7861 was up 6.60% compared to the 2016 peak of 52.3335, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 1,394,653 NGN
2016 Average 966,747 NGN
Yearly Trough Low 1,093,739 NGN
Transaction Impact: A difference of 300,913.81 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

55.5343
44.4691
JanuMarcMayJulySeptNove

CNY 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 45.8877, compared to 52.9956 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.1079 points.

H1 Avg (Jan–Jun) 45.8877
H2 Avg (Jul–Dec) 52.9956

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 8.0807 NGN (High: 54.9437 / Low: 46.8630). On the other end, December was the most stable month, with a tight range of 0.9074 NGN (High: 55.1470 / Low: 54.2396).

August Spread (Volatile) ±8.0807
December Spread (Stable) ±0.9074

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 0.4173 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.4173

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2017: 54.6122) against the same month in 2016 (average: 46.9033), the exchange rate shifted by +7.7089 (+16.44%).

2017 Avg (September) 54.6122
2016 Avg (September) 46.9033

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 46.3518 43.7496 45.3912
February 46.2549 44.4427 45.8647
March 46.1902 44.3135 45.5301
April 46.2255 44.5775 45.7368
May 47.4598 45.4260 46.0552
June 51.5396 45.9435 46.7482
July 51.9090 45.1770 46.7732
August 54.9437 46.8630 53.5274
September 55.7861 53.5973 54.6122
October 54.7480 53.8284 54.1949
November 54.7804 53.6592 54.2880
December 55.1470 54.2396 54.5779