2017 ETB to NGN Historical Review

YEARLY HIGH

15.7030 NGN

YEARLY LOW

13.0270 NGN

YEARLY AVERAGE

13.9492 NGN

2017 ETB to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the ETB to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 15.7030. Conversely, the yearly low was recorded on November 1, dropping to 13.0270.

This high-to-low spread represents a total annual volatility of 2.6760 NGN. From a start-to-finish perspective, comparing the January average rate of 13.8766 to the December average rate of 13.1508, the exchange rate registered a net change of -5.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 15.7030 was down 0.32% compared to the 2016 peak of 15.7527, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 78,515 NGN

2016 Average 58,810 NGN

Yearly Trough Low 65,135 NGN

Transaction Impact: A difference of 13,380.09 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

15.5172

12.9357

JanuMarcMayJulySeptNove

ETB 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 13.8229, compared to 14.0755 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2526 points.

H1 Avg (Jan–Jun) 13.8229

H2 Avg (Jul–Dec) 14.0755

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 2.2423 NGN (High: 15.7030 / Low: 13.4607). On the other end, December was the most stable month, with a tight range of 0.2022 NGN (High: 13.2784 / Low: 13.0762).

August Spread (Volatile) ±2.2423

December Spread (Stable) ±0.2022

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 1.3108 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.3108

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 15.3021) against the same month in 2016 (average: 14.6129), the exchange rate shifted by +0.6892 (+4.72%).

2017 Avg (August) 15.3021

2016 Avg (August) 14.6129

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.0666	13.4238	13.8766
February	14.0918	13.4739	13.9059
March	14.1439	13.4138	13.8072
April	13.8943	13.5204	13.7821
May	14.1650	13.5987	13.7829
June	15.1859	13.4883	13.7829
July	15.0483	13.0889	13.6301
August	15.7030	13.4607	15.3021
September	15.4166	15.0282	15.2581
October	15.3130	13.1089	13.9473
November	13.2462	13.0270	13.1644
December	13.2784	13.0762	13.1508