2017 ISK to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 ISK to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the ISK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 3.5095. Conversely, the yearly low was recorded on January 30, dropping to 2.6361.
This high-to-low spread represents a total annual volatility of 0.8734 NGN. From a start-to-finish perspective, comparing the January average rate of 2.7406 to the December average rate of 3.4333, 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 3.5095 was up 17.62% compared to the 2016 peak of 2.9838, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ISK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
ISK 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 2.9240, compared to 3.3457 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4217 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 0.4883 NGN (High: 3.5095 / Low: 3.0212). On the other end, October was the most stable month, with a tight range of 0.0704 NGN (High: 3.4341 / Low: 3.3637).
Growth Streaks & Declines
TrendsBetween July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1188 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 3.3724) against the same month in 2016 (average: 2.7318), the exchange rate shifted by +0.6406 (+23.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2.8165 | 2.6361 | 2.7406 |
| February | 2.9643 | 2.6561 | 2.8299 |
| March | 2.9895 | 2.7314 | 2.8746 |
| April | 2.9825 | 2.7367 | 2.8564 |
| May | 3.2457 | 2.9634 | 3.0866 |
| June | 3.3835 | 3.0232 | 3.1561 |
| July | 3.3512 | 2.9051 | 3.0373 |
| August | 3.5095 | 3.0212 | 3.3724 |
| September | 3.4322 | 3.2901 | 3.3727 |
| October | 3.4341 | 3.3637 | 3.4058 |
| November | 3.5027 | 3.3493 | 3.4530 |
| December | 3.4876 | 3.3880 | 3.4333 |