2017 GHS to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GHS to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GHS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 83.8690. Conversely, the yearly low was recorded on March 6, dropping to 65.1249.
This high-to-low spread represents a total annual volatility of 18.7441 NGN. From a start-to-finish perspective, comparing the January average rate of 72.9585 to the December average rate of 79.7555, the exchange rate registered a net change of 9.32% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 83.8690 was down 5.91% compared to the 2016 peak of 89.1368, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
GHS 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 72.4405, compared to 79.2096 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.7692 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 12.1282 NGN (High: 83.8690 / Low: 71.7409). On the other end, October was the most stable month, with a tight range of 1.2321 NGN (High: 82.2332 / Low: 81.0011).
Growth Streaks & Declines
TrendsBetween July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 2.1267 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 80.8152) against the same month in 2016 (average: 81.7822), the exchange rate shifted by -0.9670 (-1.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 74.2487 | 69.8385 | 72.9585 |
| February | 72.7269 | 68.2116 | 70.8318 |
| March | 73.5663 | 65.1249 | 69.3257 |
| April | 76.2651 | 72.7693 | 74.6926 |
| May | 76.0330 | 71.3732 | 74.0918 |
| June | 79.4304 | 71.0702 | 72.7425 |
| July | 79.9752 | 69.9700 | 72.1862 |
| August | 83.8690 | 71.7409 | 80.8152 |
| September | 82.3193 | 78.9619 | 80.9853 |
| October | 82.2332 | 81.0011 | 81.6788 |
| November | 81.9692 | 77.6979 | 79.8369 |
| December | 80.5414 | 79.1617 | 79.7555 |