2017 NAD to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 NAD to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the NAD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 2.2270. Conversely, the yearly low was recorded on January 2, dropping to 1.6332.
This high-to-low spread represents a total annual volatility of 0.5938 ETB. From a start-to-finish perspective, comparing the January average rate of 1.6665 to the December average rate of 2.0862, the exchange rate registered a net change of 25.19% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 2.2270 was up 33.22% compared to the 2016 peak of 1.6717, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
NAD to ETB 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 1.7286, compared to 1.8730 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1443 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was October, with a trading range of 0.3326 ETB (High: 2.0439 / Low: 1.7113). On the other end, June was the most stable month, with a tight range of 0.0700 ETB (High: 1.8356 / Low: 1.7656).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0640 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 2.0862) against the same month in 2016 (average: 1.6149), the exchange rate shifted by +0.4713 (+29.19%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.7088 | 1.6332 | 1.6665 |
| February | 1.7659 | 1.6676 | 1.7170 |
| March | 1.8322 | 1.6941 | 1.7617 |
| April | 1.7687 | 1.6470 | 1.6977 |
| May | 1.7926 | 1.6850 | 1.7362 |
| June | 1.8356 | 1.7656 | 1.7928 |
| July | 1.8062 | 1.7276 | 1.7715 |
| August | 1.8168 | 1.7313 | 1.7637 |
| September | 1.8264 | 1.7312 | 1.7873 |
| October | 2.0439 | 1.7113 | 1.8904 |
| November | 1.9980 | 1.8837 | 1.9386 |
| December | 2.2270 | 1.9844 | 2.0862 |