2017 NGN to LBP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 NGN to LBP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the NGN to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 4.9461. Conversely, the yearly low was recorded on August 15, dropping to 4.1115.
This high-to-low spread represents a total annual volatility of 0.8345 LBP. From a start-to-finish perspective, comparing the January average rate of 4.8163 to the December average rate of 4.2136, the exchange rate registered a net change of -12.51% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 4.9461 was down 35.04% compared to the 2016 peak of 7.6139, 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 LBP 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 4.7805, compared to 4.3030 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4774 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 0.6636 LBP (High: 4.7751 / Low: 4.1115). On the other end, December was the most stable month, with a tight range of 0.0605 LBP (High: 4.2388 / Low: 4.1783).
Growth Streaks & Declines
TrendsBetween October and December, 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 0.5296 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2017: 4.8163) against the same month in 2016 (average: 7.5868), the exchange rate shifted by -2.7706 (-36.52%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.9461 | 4.7489 | 4.8163 |
| February | 4.9194 | 4.7348 | 4.7860 |
| March | 4.9221 | 4.6918 | 4.7950 |
| April | 4.9130 | 4.7473 | 4.7907 |
| May | 4.8253 | 4.6288 | 4.7593 |
| June | 4.8067 | 4.2917 | 4.7357 |
| July | 4.9215 | 4.2988 | 4.7557 |
| August | 4.7751 | 4.1115 | 4.2260 |
| September | 4.2828 | 4.1673 | 4.2072 |
| October | 4.2605 | 4.1803 | 4.2066 |
| November | 4.2785 | 4.1819 | 4.2092 |
| December | 4.2388 | 4.1783 | 4.2136 |