YEARLY HIGH
0.2698 NGN
YEARLY LOW
0.2232 NGN
YEARLY AVERAGE
0.2451 NGN

2017 MMK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MMK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 0.2698. Conversely, the yearly low was recorded on March 19, dropping to 0.2232.

This high-to-low spread represents a total annual volatility of 0.0466 NGN. From a start-to-finish perspective, comparing the January average rate of 0.2307 to the December average rate of 0.2649, the exchange rate registered a net change of 14.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.2698 was down 7.50% compared to the 2016 peak of 0.2917, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,349 NGN
2016 Average 1,042 NGN
Yearly Trough Low 1,116 NGN
Transaction Impact: A difference of 233.05 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.2689
0.2261
JanuMarcMayJulySeptNove

MMK 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 0.2315, compared to 0.2588 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0273 points.

H1 Avg (Jan–Jun) 0.2315
H2 Avg (Jul–Dec) 0.2588

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0390 NGN (High: 0.2698 / Low: 0.2308). On the other end, December was the most stable month, with a tight range of 0.0035 NGN (High: 0.2668 / Low: 0.2632).

August Spread (Volatile) ±0.0390
December Spread (Stable) ±0.0035

Growth Streaks & Declines

Trends

Between 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 0.0013 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 0.2625) against the same month in 2016 (average: 0.2703), the exchange rate shifted by -0.0077 (-2.86%).

2017 Avg (August) 0.2625
2016 Avg (August) 0.2703

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.2345 0.2246 0.2307
February 0.2342 0.2237 0.2303
March 0.2357 0.2232 0.2297
April 0.2346 0.2254 0.2316
May 0.2376 0.2294 0.2326
June 0.2562 0.2293 0.2337
July 0.2576 0.2236 0.2324
August 0.2698 0.2308 0.2625
September 0.2675 0.2589 0.2635
October 0.2664 0.2608 0.2638
November 0.2677 0.2625 0.2653
December 0.2668 0.2632 0.2649