YEARLY HIGH
20.6178 NGN
YEARLY LOW
14.1992 NGN
YEARLY AVERAGE
17.7085 NGN

2017 MXN to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MXN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 20.6178. Conversely, the yearly low was recorded on January 9, dropping to 14.1992.

This high-to-low spread represents a total annual volatility of 6.4186 NGN. From a start-to-finish perspective, comparing the January average rate of 14.6711 to the December average rate of 18.7220, the exchange rate registered a net change of 27.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 20.6178 was up 8.36% compared to the 2016 peak of 19.0272, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 1,030,892 NGN
2016 Average 686,186 NGN
Yearly Trough Low 709,960 NGN
Transaction Impact: A difference of 320,931.70 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

20.6640
14.1263
JanuMarcMayJulySeptNove

MXN 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 16.2933, compared to 19.1237 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.8305 points.

H1 Avg (Jan–Jun) 16.2933
H2 Avg (Jul–Dec) 19.1237

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 2.9898 NGN (High: 20.6178 / Low: 17.6280). On the other end, April was the most stable month, with a tight range of 0.6669 NGN (High: 17.0707 / Low: 16.4038).

August Spread (Volatile) ±2.9898
April Spread (Stable) ±0.6669

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 1.0427 points.

Longest Streak 8 Mo.
Sharpest MoM Drop -1.0427

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 20.0604) against the same month in 2016 (average: 17.4489), the exchange rate shifted by +2.6115 (+14.97%).

2017 Avg (August) 20.0604
2016 Avg (August) 17.4489

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 15.2101 14.1992 14.6711
February 16.0601 14.7648 15.5503
March 16.9078 15.7728 16.2949
April 17.0707 16.4038 16.8152
May 17.6239 16.4153 16.8910
June 19.6545 16.7519 17.5371
July 19.9442 17.1362 17.7670
August 20.6178 17.6280 20.0604
September 20.4346 19.6015 20.1192
October 19.6825 18.6767 19.0765
November 19.4803 18.6182 18.9974
December 19.3334 18.0895 18.7220