2017 ILS to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 ILS to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the ILS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 103.8245. Conversely, the yearly low was recorded on January 9, dropping to 78.9714.
This high-to-low spread represents a total annual volatility of 24.8532 NGN. From a start-to-finish perspective, comparing the January average rate of 82.0540 to the December average rate of 102.7878, the exchange rate registered a net change of 25.27% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 103.8245 was up 12.63% compared to the 2016 peak of 92.1856, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ILS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
ILS 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 86.2424, compared to 99.5513 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.3089 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 14.7235 NGN (High: 102.2837 / Low: 87.5602). On the other end, October was the most stable month, with a tight range of 1.9705 NGN (High: 103.2987 / Low: 101.3281).
Growth Streaks & Declines
TrendsBetween January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.9215 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 102.7878) against the same month in 2016 (average: 82.1662), the exchange rate shifted by +20.6216 (+25.10%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 83.7637 | 78.9714 | 82.0540 |
| February | 86.8056 | 81.0484 | 84.6743 |
| March | 87.4885 | 84.1370 | 85.9037 |
| April | 87.4306 | 84.2995 | 86.3491 |
| May | 91.2847 | 86.8285 | 88.3042 |
| June | 100.0435 | 88.2516 | 90.1689 |
| July | 98.7344 | 85.4964 | 89.2474 |
| August | 102.2837 | 87.5602 | 99.1559 |
| September | 102.9935 | 99.9809 | 101.5978 |
| October | 103.2987 | 101.3281 | 102.3146 |
| November | 103.0759 | 100.8686 | 102.2041 |
| December | 103.8245 | 101.6612 | 102.7878 |