YEARLY HIGH
0.0231 DKK
YEARLY LOW
0.0171 DKK
YEARLY AVERAGE
0.0199 DKK

2017 NGN to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0231. Conversely, the yearly low was recorded on September 8, dropping to 0.0171.

This high-to-low spread represents a total annual volatility of 0.0060 DKK. From a start-to-finish perspective, comparing the January average rate of 0.0223 to the December average rate of 0.0175, the exchange rate registered a net change of -21.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0231 was down 33.47% compared to the 2016 peak of 0.0348, 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 23,135 DKK
2016 Average 27,395 DKK
Yearly Trough Low 17,103 DKK
Transaction Impact: A difference of 6,032.56 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0228
0.0169
JanuMarcMayJulySeptNove

NGN to DKK 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 0.0218, compared to 0.0180 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 0.0218
H2 Avg (Jul–Dec) 0.0180

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0028 DKK (High: 0.0200 / Low: 0.0171). On the other end, December was the most stable month, with a tight range of 0.0003 DKK (High: 0.0176 / Low: 0.0173).

August Spread (Volatile) ±0.0028
December Spread (Stable) ±0.0003

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 0.0027 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0223) against the same month in 2016 (average: 0.0345), the exchange rate shifted by -0.0122 (-35.23%).

2017 Avg (January) 0.0223
2016 Avg (January) 0.0345

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0231 0.0218 0.0223
February 0.0226 0.0218 0.0222
March 0.0226 0.0217 0.0222
April 0.0228 0.0215 0.0220
May 0.0217 0.0204 0.0212
June 0.0211 0.0186 0.0208
July 0.0212 0.0184 0.0204
August 0.0200 0.0171 0.0177
September 0.0177 0.0171 0.0174
October 0.0179 0.0174 0.0176
November 0.0180 0.0173 0.0176
December 0.0176 0.0173 0.0175