2017 NGN to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 NGN to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the NGN to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 27.0897. Conversely, the yearly low was recorded on August 5, dropping to 22.4511.
This high-to-low spread represents a total annual volatility of 4.6385 LAK. From a start-to-finish perspective, comparing the January average rate of 25.9314 to the December average rate of 23.1298, the exchange rate registered a net change of -10.80% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 27.0897 was down 34.18% compared to the 2016 peak of 41.1597, 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 LAK 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 25.8211, compared to 23.6307 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1904 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 3.8599 LAK (High: 26.3110 / Low: 22.4511). On the other end, December was the most stable month, with a tight range of 0.2727 LAK (High: 23.2203 / Low: 22.9476).
Growth Streaks & Declines
TrendsBetween May and July, 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 2.7842 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2017: 26.0122) against the same month in 2016 (average: 27.6940), the exchange rate shifted by -1.6818 (-6.07%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 26.9254 | 25.3242 | 25.9314 |
| February | 26.1997 | 25.3985 | 25.7922 |
| March | 26.8304 | 25.2372 | 25.8884 |
| April | 26.7747 | 25.3985 | 25.8414 |
| May | 26.1492 | 24.7153 | 25.6746 |
| June | 26.3589 | 23.4977 | 25.7989 |
| July | 27.0897 | 23.5902 | 26.0122 |
| August | 26.3110 | 22.4511 | 23.2280 |
| September | 23.3972 | 22.9666 | 23.1437 |
| October | 23.3567 | 23.0424 | 23.1340 |
| November | 23.3573 | 22.9793 | 23.1367 |
| December | 23.2203 | 22.9476 | 23.1298 |