YEARLY HIGH
0.0061 BGN
YEARLY LOW
0.0045 BGN
YEARLY AVERAGE
0.0052 BGN

2017 NGN to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0061. Conversely, the yearly low was recorded on September 10, dropping to 0.0045.

This high-to-low spread represents a total annual volatility of 0.0016 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0059 to the December average rate of 0.0046, the exchange rate registered a net change of -21.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0061 was down 33.19% compared to the 2016 peak of 0.0091, 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 6,090 BGN
2016 Average 7,195 BGN
Yearly Trough Low 4,492 BGN
Transaction Impact: A difference of 1,598.93 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0060
0.0044
JanuMarcMayJulySeptNove

NGN to BGN 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 0.0057, compared to 0.0047 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0057
H2 Avg (Jul–Dec) 0.0047

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0008 BGN (High: 0.0053 / Low: 0.0045). On the other end, December was the most stable month, with a tight range of 0.0001 BGN (High: 0.0046 / Low: 0.0045).

August Spread (Volatile) ±0.0008
December Spread (Stable) ±0.0001

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 (January 2017: 0.0059) against the same month in 2016 (average: 0.0090), the exchange rate shifted by -0.0032 (-34.99%).

2017 Avg (January) 0.0059
2016 Avg (January) 0.0090

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0061 0.0057 0.0059
February 0.0059 0.0057 0.0058
March 0.0060 0.0057 0.0058
April 0.0060 0.0057 0.0058
May 0.0057 0.0054 0.0056
June 0.0056 0.0049 0.0055
July 0.0056 0.0048 0.0054
August 0.0053 0.0045 0.0046
September 0.0047 0.0045 0.0046
October 0.0047 0.0046 0.0046
November 0.0047 0.0045 0.0046
December 0.0046 0.0045 0.0046