YEARLY HIGH
1.8776 CRC
YEARLY LOW
1.5608 CRC
YEARLY AVERAGE
1.7024 CRC

2017 NGN to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on May 26, valuing the pair at 1.8776. Conversely, the yearly low was recorded on August 5, dropping to 1.5608.

This high-to-low spread represents a total annual volatility of 0.3168 CRC. From a start-to-finish perspective, comparing the January average rate of 1.7607 to the December average rate of 1.5731, the exchange rate registered a net change of -10.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.8776 was down 31.24% compared to the 2016 peak of 2.7305, 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 1,877,573 CRC
2016 Average 2,210,101 CRC
Yearly Trough Low 1,560,792 CRC
Transaction Impact: A difference of 316,780.82 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.8291
1.5498
JanuMarcMayJulySeptNove

NGN to CRC 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 1.7756, compared to 1.6292 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1464 points.

H1 Avg (Jan–Jun) 1.7756
H2 Avg (Jul–Dec) 1.6292

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.2593 CRC (High: 1.8201 / Low: 1.5608). On the other end, December was the most stable month, with a tight range of 0.0090 CRC (High: 1.5768 / Low: 1.5679).

August Spread (Volatile) ±0.2593
December Spread (Stable) ±0.0090

Growth Streaks & Declines

Trends

Between 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 July and August, when the average rate fell by 0.1894 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1894

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2017: 1.7945) against the same month in 2016 (average: 2.6947), the exchange rate shifted by -0.9002 (-33.41%).

2017 Avg (May) 1.7945
2016 Avg (May) 2.6947

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.8117 1.7369 1.7607
February 1.8076 1.7358 1.7650
March 1.8272 1.7360 1.7773
April 1.8206 1.7545 1.7708
May 1.8776 1.7346 1.7945
June 1.8150 1.6174 1.7854
July 1.8668 1.6363 1.8059
August 1.8201 1.5608 1.6165
September 1.6402 1.5940 1.6084
October 1.6096 1.5797 1.5911
November 1.6012 1.5681 1.5804
December 1.5768 1.5679 1.5731