YEARLY HIGH
0.4239 ALL
YEARLY LOW
0.3049 ALL
YEARLY AVERAGE
0.3593 ALL

2017 NGN to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.4239. Conversely, the yearly low was recorded on August 5, dropping to 0.3049.

This high-to-low spread represents a total annual volatility of 0.1190 ALL. From a start-to-finish perspective, comparing the January average rate of 0.4097 to the December average rate of 0.3129, the exchange rate registered a net change of -23.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.4239 was down 34.09% compared to the 2016 peak of 0.6431, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 423,870 ALL
2016 Average 505,953 ALL
Yearly Trough Low 304,888 ALL
Transaction Impact: A difference of 118,981.68 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.4194
0.3031
JanuMarcMayJulySeptNove

NGN to ALL 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 0.3959, compared to 0.3228 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0730 points.

H1 Avg (Jan–Jun) 0.3959
H2 Avg (Jul–Dec) 0.3228

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0516 ALL (High: 0.3564 / Low: 0.3049). On the other end, October was the most stable month, with a tight range of 0.0072 ALL (High: 0.3208 / Low: 0.3136).

August Spread (Volatile) ±0.0516
October Spread (Stable) ±0.0072

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0490 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0490

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.4097) against the same month in 2016 (average: 0.6384), the exchange rate shifted by -0.2287 (-35.82%).

2017 Avg (January) 0.4097
2016 Avg (January) 0.6384

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.4239 0.4022 0.4097
February 0.4148 0.3981 0.4042
March 0.4121 0.3955 0.4034
April 0.4169 0.3914 0.4014
May 0.3925 0.3694 0.3837
June 0.3797 0.3313 0.3727
July 0.3773 0.3282 0.3636
August 0.3564 0.3049 0.3146
September 0.3188 0.3064 0.3128
October 0.3208 0.3136 0.3168
November 0.3228 0.3111 0.3164
December 0.3165 0.3085 0.3129