2017 MVR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 MVR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the MVR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 18, valuing the pair at 25.6365. Conversely, the yearly low was recorded on January 31, dropping to 19.7259.
This high-to-low spread represents a total annual volatility of 5.9106 NGN. From a start-to-finish perspective, comparing the January average rate of 20.3717 to the December average rate of 23.3550, the exchange rate registered a net change of 14.64% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 25.6365 was up 11.75% compared to the 2016 peak of 22.9400, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
MVR 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 20.3941, compared to 22.8493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.4553 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 5.2435 NGN (High: 25.6365 / Low: 20.3930). On the other end, December was the most stable month, with a tight range of 0.1829 NGN (High: 23.4431 / Low: 23.2601).
Growth Streaks & Declines
TrendsBetween March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1431 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 23.2925) against the same month in 2016 (average: 21.2325), the exchange rate shifted by +2.0600 (+9.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.6647 | 19.7259 | 20.3717 |
| February | 20.5504 | 19.8205 | 20.3934 |
| March | 20.5308 | 19.8028 | 20.2502 |
| April | 20.5842 | 19.8308 | 20.4037 |
| May | 21.1210 | 20.1269 | 20.4903 |
| June | 22.6487 | 20.0506 | 20.4552 |
| July | 22.6857 | 19.7949 | 20.4530 |
| August | 25.6365 | 20.3930 | 23.2925 |
| September | 23.4725 | 23.0193 | 23.2697 |
| October | 23.4131 | 23.1167 | 23.3183 |
| November | 23.5992 | 23.1021 | 23.4075 |
| December | 23.4431 | 23.2601 | 23.3550 |