2017 NAD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 NAD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the NAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 29.1967. Conversely, the yearly low was recorded on January 9, dropping to 22.2660.
This high-to-low spread represents a total annual volatility of 6.9306 NGN. From a start-to-finish perspective, comparing the January average rate of 23.1255 to the December average rate of 27.4330, the exchange rate registered a net change of 18.63% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 29.1967 was up 13.76% compared to the 2016 peak of 25.6641, 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 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 23.8937, compared to 26.2670 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.3733 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 4.0508 NGN (High: 27.7966 / Low: 23.7458). On the other end, November was the most stable month, with a tight range of 1.4214 NGN (High: 26.3442 / Low: 24.9228).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 1.0242 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 27.4330) against the same month in 2016 (average: 22.7032), the exchange rate shifted by +4.7298 (+20.83%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.8436 | 22.2660 | 23.1255 |
| February | 24.4882 | 22.7591 | 23.8767 |
| March | 25.3521 | 23.5205 | 24.3213 |
| April | 24.5153 | 22.2679 | 23.3982 |
| May | 25.1435 | 23.0912 | 23.9316 |
| June | 26.9987 | 24.0795 | 24.7089 |
| July | 27.0874 | 23.2388 | 24.1439 |
| August | 27.7966 | 23.7458 | 26.9860 |
| September | 28.0999 | 26.3402 | 27.2719 |
| October | 26.9738 | 25.2972 | 26.2477 |
| November | 26.3442 | 24.9228 | 25.5197 |
| December | 29.1967 | 26.1707 | 27.4330 |