2017 MYR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 MYR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the MYR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 5, valuing the pair at 88.8639. Conversely, the yearly low was recorded on January 9, dropping to 67.7957.
This high-to-low spread represents a total annual volatility of 21.0682 NGN. From a start-to-finish perspective, comparing the January average rate of 70.2210 to the December average rate of 88.2340, the exchange rate registered a net change of 25.65% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 88.8639 was up 2.82% compared to the 2016 peak of 86.4307, indicating shifts in long-term support levels.
Comparing the value generated converting 20,000 MYR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
MYR 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 71.8797, compared to 83.6183 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.7386 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 12.7447 NGN (High: 86.2316 / Low: 73.4869). On the other end, October was the most stable month, with a tight range of 1.0250 NGN (High: 85.4437 / Low: 84.4187).
Growth Streaks & Declines
TrendsBetween March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.6002 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 88.2340) against the same month in 2016 (average: 70.6153), the exchange rate shifted by +17.6187 (+24.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 71.5816 | 67.7957 | 70.2210 |
| February | 71.6467 | 69.0348 | 70.9644 |
| March | 71.6063 | 68.9476 | 70.7074 |
| April | 72.9291 | 69.3738 | 71.5329 |
| May | 76.1289 | 72.2963 | 73.4395 |
| June | 81.5280 | 72.9878 | 74.4126 |
| July | 81.7683 | 71.3271 | 73.8125 |
| August | 86.2316 | 73.4869 | 83.3433 |
| September | 86.1804 | 83.9348 | 85.1250 |
| October | 85.4437 | 84.4187 | 84.9516 |
| November | 88.0369 | 84.1309 | 86.2435 |
| December | 88.8639 | 87.8069 | 88.2340 |