2017 MGA to NGN Historical Review

YEARLY HIGH

0.1253 NGN

YEARLY LOW

0.0914 NGN

YEARLY AVERAGE

0.1070 NGN

2017 MGA to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MGA to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 13, valuing the pair at 0.1253. Conversely, the yearly low was recorded on January 1, dropping to 0.0914.

This high-to-low spread represents a total annual volatility of 0.0340 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0954 to the December average rate of 0.1115, the exchange rate registered a net change of 16.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.1253 was up 9.38% compared to the 2016 peak of 0.1146, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MGA based on timing:

Yearly Peak High 627 NGN

2016 Average 407 NGN

Yearly Trough Low 457 NGN

Transaction Impact: A difference of 169.76 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.1229

0.0929

JanuMarcMayJulySeptNove

MGA 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 0.0992, compared to 0.1148 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0156 points.

H1 Avg (Jan–Jun) 0.0992

H2 Avg (Jul–Dec) 0.1148

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0198 NGN (High: 0.1253 / Low: 0.1056). On the other end, November was the most stable month, with a tight range of 0.0023 NGN (High: 0.1140 / Low: 0.1116).

August Spread (Volatile) ±0.0198

November Spread (Stable) ±0.0023

Growth Streaks & Declines

Trends

Between April and August, 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 October and November, when the average rate fell by 0.0036 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 0.1204) against the same month in 2016 (average: 0.1068), the exchange rate shifted by +0.0136 (+12.77%).

2017 Avg (August) 0.1204

2016 Avg (August) 0.1068

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0989	0.0914	0.0954
February	0.1033	0.0947	0.1000
March	0.1036	0.0929	0.0986
April	0.0994	0.0957	0.0984
May	0.1056	0.0981	0.1013
June	0.1137	0.0977	0.1016
July	0.1206	0.1025	0.1071
August	0.1253	0.1056	0.1204
September	0.1221	0.1178	0.1200
October	0.1182	0.1135	0.1167
November	0.1140	0.1116	0.1131
December	0.1136	0.1102	0.1115