YEARLY HIGH
0.6407 NGN
YEARLY LOW
0.5326 NGN
YEARLY AVERAGE
0.5894 NGN

2017 CRC to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the CRC to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 0.6407. Conversely, the yearly low was recorded on May 27, dropping to 0.5326.

This high-to-low spread represents a total annual volatility of 0.1081 NGN. From a start-to-finish perspective, comparing the January average rate of 0.5680 to the December average rate of 0.6357, the exchange rate registered a net change of 11.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.6407 was up 1.08% compared to the 2016 peak of 0.6339, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,204 NGN
2016 Average 2,364 NGN
Yearly Trough Low 2,663 NGN
Transaction Impact: A difference of 540.49 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.6438
0.5461
JanuMarcMayJulySeptNove

CRC 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 0.5633, compared to 0.6154 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0521 points.

H1 Avg (Jan–Jun) 0.5633
H2 Avg (Jul–Dec) 0.6154

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0913 NGN (High: 0.6407 / Low: 0.5494). On the other end, December was the most stable month, with a tight range of 0.0036 NGN (High: 0.6378 / Low: 0.6342).

August Spread (Volatile) ±0.0913
December Spread (Stable) ±0.0036

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 April and May, when the average rate fell by 0.0073 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 0.6197) against the same month in 2016 (average: 0.5872), the exchange rate shifted by +0.0325 (+5.54%).

2017 Avg (August) 0.6197
2016 Avg (August) 0.5872

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.5757 0.5520 0.5680
February 0.5761 0.5532 0.5666
March 0.5760 0.5473 0.5627
April 0.5700 0.5493 0.5648
May 0.5765 0.5326 0.5575
June 0.6183 0.5510 0.5604
July 0.6111 0.5357 0.5543
August 0.6407 0.5494 0.6197
September 0.6274 0.6097 0.6218
October 0.6330 0.6213 0.6285
November 0.6377 0.6245 0.6328
December 0.6378 0.6342 0.6357