2017 NGN to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 NGN to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the NGN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 5.6449. Conversely, the yearly low was recorded on August 5, dropping to 4.7424.
This high-to-low spread represents a total annual volatility of 0.9026 BIF. From a start-to-finish perspective, comparing the January average rate of 5.3665 to the December average rate of 4.8883, the exchange rate registered a net change of -8.91% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 5.6449 was down 32.77% compared to the 2016 peak of 8.3969, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
NGN to BIF 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 5.3872, compared to 4.9753 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4119 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 0.7975 BIF (High: 5.5399 / Low: 4.7424). On the other end, November was the most stable month, with a tight range of 0.0634 BIF (High: 4.9297 / Low: 4.8664).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.5749 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2017: 5.4529) against the same month in 2016 (average: 5.6763), the exchange rate shifted by -0.2234 (-3.94%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.5289 | 5.2744 | 5.3665 |
| February | 5.5392 | 5.3069 | 5.3711 |
| March | 5.5883 | 5.2723 | 5.4052 |
| April | 5.5201 | 5.3439 | 5.3879 |
| May | 5.4807 | 5.2171 | 5.3727 |
| June | 5.5099 | 4.9212 | 5.4196 |
| July | 5.6449 | 4.9317 | 5.4529 |
| August | 5.5399 | 4.7424 | 4.8780 |
| September | 4.9494 | 4.8225 | 4.8672 |
| October | 4.9370 | 4.8650 | 4.8817 |
| November | 4.9297 | 4.8664 | 4.8836 |
| December | 4.9317 | 4.8673 | 4.8883 |