YEARLY HIGH
0.0277 NGN
YEARLY LOW
0.0227 NGN
YEARLY AVERAGE
0.0249 NGN

2017 IDR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the IDR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 0.0277. Conversely, the yearly low was recorded on January 9, dropping to 0.0227.

This high-to-low spread represents a total annual volatility of 0.0050 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0234 to the December average rate of 0.0265, the exchange rate registered a net change of 13.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0277 was up 5.11% compared to the 2016 peak of 0.0264, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 IDR based on timing:

Yearly Peak High 277,138 NGN
2016 Average 194,082 NGN
Yearly Trough Low 227,279 NGN
Transaction Impact: A difference of 49,858.71 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0273
0.0231
JanuMarcMayJulySeptNove

IDR 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 0.0237, compared to 0.0262 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.0237
H2 Avg (Jul–Dec) 0.0262

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0041 NGN (High: 0.0277 / Low: 0.0236). On the other end, December was the most stable month, with a tight range of 0.0003 NGN (High: 0.0267 / Low: 0.0264).

August Spread (Volatile) ±0.0041
December Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between March and June, 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 September and October, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 0.0268) against the same month in 2016 (average: 0.0245), the exchange rate shifted by +0.0023 (+9.19%).

2017 Avg (August) 0.0268
2016 Avg (August) 0.0245

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0238 0.0227 0.0234
February 0.0238 0.0229 0.0236
March 0.0238 0.0229 0.0235
April 0.0239 0.0231 0.0237
May 0.0244 0.0235 0.0238
June 0.0263 0.0235 0.0239
July 0.0263 0.0230 0.0237
August 0.0277 0.0236 0.0268
September 0.0274 0.0265 0.0270
October 0.0267 0.0263 0.0266
November 0.0268 0.0263 0.0266
December 0.0267 0.0264 0.0265