YEARLY HIGH
0.0069 FJD
YEARLY LOW
0.0054 FJD
YEARLY AVERAGE
0.0062 FJD

2017 NGN to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0069. Conversely, the yearly low was recorded on August 5, dropping to 0.0054.

This high-to-low spread represents a total annual volatility of 0.0015 FJD. From a start-to-finish perspective, comparing the January average rate of 0.0067 to the December average rate of 0.0057, the exchange rate registered a net change of -13.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0069 was down 37.01% compared to the 2016 peak of 0.0110, 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 6,903 FJD
2016 Average 8,524 FJD
Yearly Trough Low 5,411 FJD
Transaction Impact: A difference of 1,491.67 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0068
0.0055
JanuMarcMayJulySeptNove

NGN to FJD 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 0.0066, compared to 0.0058 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0066
H2 Avg (Jul–Dec) 0.0058

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0010 FJD (High: 0.0064 / Low: 0.0054). On the other end, December was the most stable month, with a tight range of 0.0001 FJD (High: 0.0058 / Low: 0.0057).

August Spread (Volatile) ±0.0010
December Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between September and November, 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 0.0008 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0067) against the same month in 2016 (average: 0.0108), the exchange rate shifted by -0.0042 (-38.51%).

2017 Avg (January) 0.0067
2016 Avg (January) 0.0108

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0069 0.0065 0.0067
February 0.0068 0.0064 0.0065
March 0.0068 0.0065 0.0066
April 0.0067 0.0065 0.0066
May 0.0067 0.0064 0.0066
June 0.0066 0.0058 0.0065
July 0.0066 0.0058 0.0064
August 0.0064 0.0054 0.0057
September 0.0057 0.0055 0.0056
October 0.0058 0.0056 0.0057
November 0.0058 0.0057 0.0058
December 0.0058 0.0057 0.0057