2017 NGN to ETB Historical Review

YEARLY HIGH

0.0768 ETB

YEARLY LOW

0.0637 ETB

YEARLY AVERAGE

0.0719 ETB

2017 NGN to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on November 1, valuing the pair at 0.0768. Conversely, the yearly low was recorded on August 5, dropping to 0.0637.

This high-to-low spread represents a total annual volatility of 0.0131 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0721 to the December average rate of 0.0760, the exchange rate registered a net change of 5.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0768 was down 30.18% compared to the 2016 peak of 0.1100, 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 76,764 ETB

2016 Average 88,737 ETB

Yearly Trough Low 63,682 ETB

Transaction Impact: A difference of 13,081.65 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0771

0.0644

JanuMarcMayJulySeptNove

NGN to ETB 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 0.0724, compared to 0.0714 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0724

H2 Avg (Jul–Dec) 0.0714

Volatility Range Comparison

Volatility

The most volatile month in 2017 was October, with a trading range of 0.0110 ETB (High: 0.0763 / Low: 0.0653). On the other end, December was the most stable month, with a tight range of 0.0012 ETB (High: 0.0765 / Low: 0.0753).

October Spread (Volatile) ±0.0110

December Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0080 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0080

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2017: 0.0760) against the same month in 2016 (average: 0.0711), the exchange rate shifted by +0.0048 (+6.80%).

2017 Avg (November) 0.0760

2016 Avg (November) 0.0711

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0745	0.0711	0.0721
February	0.0742	0.0710	0.0719
March	0.0746	0.0707	0.0724
April	0.0740	0.0720	0.0726
May	0.0735	0.0706	0.0726
June	0.0741	0.0659	0.0726
July	0.0764	0.0665	0.0734
August	0.0743	0.0637	0.0655
September	0.0665	0.0649	0.0655
October	0.0763	0.0653	0.0720
November	0.0768	0.0755	0.0760
December	0.0765	0.0753	0.0760