2017 MZN to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 MZN to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the MZN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 6.1096. Conversely, the yearly low was recorded on January 9, dropping to 4.2665.
This high-to-low spread represents a total annual volatility of 1.8431 NGN. From a start-to-finish perspective, comparing the January average rate of 4.4263 to the December average rate of 6.0234, the exchange rate registered a net change of 36.08% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 6.1096 was up 26.49% compared to the 2016 peak of 4.8300, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
MZN 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 4.6681, compared to 5.7862 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1180 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was June, with a trading range of 1.4286 NGN (High: 5.8412 / Low: 4.4126). On the other end, November was the most stable month, with a tight range of 0.1315 NGN (High: 5.9719 / Low: 5.8404).
Growth Streaks & Declines
TrendsBetween January and April, 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 April and May, when the average rate fell by 0.0749 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 6.0234) against the same month in 2016 (average: 4.3193), the exchange rate shifted by +1.7041 (+39.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.5035 | 4.2665 | 4.4263 |
| February | 4.5612 | 4.3381 | 4.4857 |
| March | 4.6269 | 4.4022 | 4.5363 |
| April | 4.8362 | 4.6058 | 4.7598 |
| May | 4.9601 | 4.4264 | 4.6849 |
| June | 5.8412 | 4.4126 | 5.1158 |
| July | 5.8250 | 5.0078 | 5.2326 |
| August | 6.0501 | 5.1652 | 5.8420 |
| September | 5.9033 | 5.7339 | 5.8293 |
| October | 5.9213 | 5.7867 | 5.8828 |
| November | 5.9719 | 5.8404 | 5.9072 |
| December | 6.1096 | 5.8973 | 6.0234 |