YEARLY HIGH
0.0066 BBD
YEARLY LOW
0.0054 BBD
YEARLY AVERAGE
0.0060 BBD

2017 NGN to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 0.0066. Conversely, the yearly low was recorded on August 5, dropping to 0.0054.

This high-to-low spread represents a total annual volatility of 0.0011 BBD. From a start-to-finish perspective, comparing the January average rate of 0.0064 to the December average rate of 0.0056, the exchange rate registered a net change of -13.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0066 was down 34.90% compared to the 2016 peak of 0.0101, 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 6,568 BBD
2016 Average 8,156 BBD
Yearly Trough Low 5,420 BBD
Transaction Impact: A difference of 1,148.41 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0065
0.0055
JanuMarcMayJulySeptNove

NGN to BBD 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 0.0063, compared to 0.0057 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0063
H2 Avg (Jul–Dec) 0.0057

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0009 BBD (High: 0.0063 / Low: 0.0054). On the other end, December was the most stable month, with a tight range of 0.0000 BBD (High: 0.0056 / Low: 0.0055).

August Spread (Volatile) ±0.0009
December Spread (Stable) ±0.0000

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 0.0007 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2017: 0.0063) against the same month in 2016 (average: 0.0101), the exchange rate shifted by -0.0037 (-36.90%).

2017 Avg (February) 0.0063
2016 Avg (February) 0.0101

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0066 0.0063 0.0064
February 0.0066 0.0063 0.0063
March 0.0065 0.0063 0.0064
April 0.0065 0.0063 0.0063
May 0.0064 0.0061 0.0063
June 0.0064 0.0057 0.0063
July 0.0065 0.0057 0.0063
August 0.0063 0.0054 0.0056
September 0.0056 0.0055 0.0056
October 0.0056 0.0055 0.0056
November 0.0056 0.0055 0.0056
December 0.0056 0.0055 0.0056