2017 GMD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GMD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GMD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 8.0574. Conversely, the yearly low was recorded on July 17, dropping to 6.6486.
This high-to-low spread represents a total annual volatility of 1.4088 NGN. From a start-to-finish perspective, comparing the January average rate of 7.1910 to the December average rate of 7.5702, the exchange rate registered a net change of 5.27% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 8.0574 was down 1.28% compared to the 2016 peak of 8.1620, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
GMD 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 7.0188, compared to 7.5392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5204 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 1.2361 NGN (High: 8.0574 / Low: 6.8213). On the other end, December was the most stable month, with a tight range of 0.0868 NGN (High: 7.6113 / Low: 7.5246).
Growth Streaks & Declines
TrendsBetween July and September, 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 0.1576 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 7.7770) against the same month in 2016 (average: 7.5586), the exchange rate shifted by +0.2184 (+2.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.3895 | 6.8779 | 7.1910 |
| February | 7.2505 | 7.0033 | 7.1380 |
| March | 7.1533 | 6.8227 | 7.0163 |
| April | 7.0333 | 6.7941 | 6.9671 |
| May | 7.0574 | 6.7949 | 6.8772 |
| June | 7.6113 | 6.7807 | 6.9233 |
| July | 7.6154 | 6.6486 | 6.8800 |
| August | 8.0574 | 6.8213 | 7.7770 |
| September | 7.8535 | 7.7007 | 7.7899 |
| October | 7.8051 | 7.5132 | 7.6323 |
| November | 7.6431 | 7.5011 | 7.5859 |
| December | 7.6113 | 7.5246 | 7.5702 |