2017 NGN to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 NGN to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the NGN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 30.9802. Conversely, the yearly low was recorded on August 5, dropping to 24.3372.
This high-to-low spread represents a total annual volatility of 6.6430 GNF. From a start-to-finish perspective, comparing the January average rate of 29.9178 to the December average rate of 25.0666, the exchange rate registered a net change of -16.22% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 30.9802 was down 21.20% compared to the 2016 peak of 39.3130, 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 GNF 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 29.3739, compared to 25.6159 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.7580 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 4.1955 GNF (High: 28.5327 / Low: 24.3372). On the other end, December was the most stable month, with a tight range of 0.1948 GNF (High: 25.1375 / Low: 24.9428).
Growth Streaks & Declines
TrendsNo 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 3.4072 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2017: 29.9178) against the same month in 2016 (average: 38.8571), the exchange rate shifted by -8.9393 (-23.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 30.9802 | 29.1496 | 29.9178 |
| February | 30.4575 | 29.1287 | 29.7435 |
| March | 30.7091 | 29.1680 | 29.7261 |
| April | 30.4108 | 28.7837 | 29.4346 |
| May | 29.6191 | 27.9584 | 28.9167 |
| June | 29.1378 | 25.9155 | 28.5048 |
| July | 29.3839 | 25.6424 | 28.4744 |
| August | 28.5327 | 24.3372 | 25.0672 |
| September | 25.3907 | 24.6711 | 25.0032 |
| October | 25.1492 | 24.8017 | 25.0026 |
| November | 25.3016 | 24.8780 | 25.0817 |
| December | 25.1375 | 24.9428 | 25.0666 |