YEARLY HIGH
58.4709 NGN
YEARLY LOW
43.2244 NGN
YEARLY AVERAGE
50.7998 NGN

2017 DKK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the DKK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 58.4709. Conversely, the yearly low was recorded on January 9, dropping to 43.2244.

This high-to-low spread represents a total annual volatility of 15.2465 NGN. From a start-to-finish perspective, comparing the January average rate of 44.7702 to the December average rate of 57.2378, the exchange rate registered a net change of 27.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 58.4709 was up 10.47% compared to the 2016 peak of 52.9289, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 292,355 NGN
2016 Average 191,196 NGN
Yearly Trough Low 216,122 NGN
Transaction Impact: A difference of 76,232.53 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

58.7044
43.5034
JanuMarcMayJulySeptNove

DKK 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 45.9371, compared to 55.6625 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.7254 points.

H1 Avg (Jan–Jun) 45.9371
H2 Avg (Jul–Dec) 55.6625

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 8.2873 NGN (High: 58.3945 / Low: 50.1072). On the other end, December was the most stable month, with a tight range of 1.1408 NGN (High: 57.9064 / Low: 56.7656).

August Spread (Volatile) ±8.2873
December Spread (Stable) ±1.1408

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.7203 points.

Longest Streak 8 Mo.
Sharpest MoM Drop -0.7203

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2017: 57.4377) against the same month in 2016 (average: 47.1050), the exchange rate shifted by +10.3327 (+21.94%).

2017 Avg (September) 57.4377
2016 Avg (September) 47.1050

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 45.8085 43.2244 44.7702
February 45.8672 44.2814 45.1171
March 46.0770 44.2063 45.1436
April 46.4184 43.8375 45.3849
May 49.0343 46.0754 47.1343
June 53.6263 47.2942 48.0723
July 54.3411 47.1858 49.1150
August 58.3945 50.1072 56.7316
September 58.4709 56.3838 57.4377
October 57.3270 55.9815 56.7174
November 57.7522 55.5443 56.7352
December 57.9064 56.7656 57.2378