YEARLY HIGH
88.8639 NGN
YEARLY LOW
67.7957 NGN
YEARLY AVERAGE
77.7490 NGN

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.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 1,777,278 NGN
2016 Average 1,242,663 NGN
Yearly Trough Low 1,355,914 NGN
Transaction Impact: A difference of 421,364.60 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

90.0353
68.4198
JanuMarcMayJulySeptNove

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)

Seasonal

The 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.

H1 Avg (Jan–Jun) 71.8797
H2 Avg (Jul–Dec) 83.6183

Volatility Range Comparison

Volatility

The 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).

August Spread (Volatile) ±12.7447
October Spread (Stable) ±1.0250

Growth Streaks & Declines

Trends

Between 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.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.6002

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2017 Avg (December) 88.2340
2016 Avg (December) 70.6153

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