YEARLY HIGH
83.8690 NGN
YEARLY LOW
65.1249 NGN
YEARLY AVERAGE
75.8251 NGN

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.

Transfer Payout Power Comparison

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

Yearly Peak High 419,345 NGN
2016 Average 325,337 NGN
Yearly Trough Low 325,624 NGN
Transaction Impact: A difference of 93,720.72 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

82.9141
68.0904
JanuMarcMayJulySeptNove

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)

Seasonal

The 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.

H1 Avg (Jan–Jun) 72.4405
H2 Avg (Jul–Dec) 79.2096

Volatility Range Comparison

Volatility

The 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).

August Spread (Volatile) ±12.1282
October Spread (Stable) ±1.2321

Growth Streaks & Declines

Trends

Between 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.

Longest Streak 3 Mo.
Sharpest MoM Drop -2.1267

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2017 Avg (August) 80.8152
2016 Avg (August) 81.7822

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