2017 LRD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 LRD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the LRD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 3.7486. Conversely, the yearly low was recorded on November 30, dropping to 2.8551.
This high-to-low spread represents a total annual volatility of 0.8935 NGN. From a start-to-finish perspective, comparing the January average rate of 3.3442 to the December average rate of 2.8669, the exchange rate registered a net change of -14.27% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 3.7486 was up 0.45% compared to the 2016 peak of 3.7319, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
LRD 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 3.3551, compared to 3.0815 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2737 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 0.4984 NGN (High: 3.5050 / Low: 3.0067). On the other end, December was the most stable month, with a tight range of 0.0214 NGN (High: 2.8777 / Low: 2.8564).
Growth Streaks & Declines
TrendsBetween March and July, 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 July and August, when the average rate fell by 0.2308 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2017: 3.4149) against the same month in 2016 (average: 3.2398), the exchange rate shifted by +0.1751 (+5.40%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.4579 | 3.1946 | 3.3442 |
| February | 3.3778 | 3.2537 | 3.3459 |
| March | 3.4064 | 3.2464 | 3.3401 |
| April | 3.3681 | 3.2570 | 3.3436 |
| May | 3.4948 | 3.3177 | 3.3677 |
| June | 3.7289 | 3.3122 | 3.3893 |
| July | 3.7486 | 3.2537 | 3.4149 |
| August | 3.5050 | 3.0067 | 3.1841 |
| September | 3.1260 | 3.0233 | 3.0684 |
| October | 3.0551 | 3.0123 | 3.0355 |
| November | 3.0221 | 2.8551 | 2.9190 |
| December | 2.8777 | 2.8564 | 2.8669 |