2017 NGN to MGA Historical Review

YEARLY HIGH

10.9456 MGA

YEARLY LOW

7.9801 MGA

YEARLY AVERAGE

9.4084 MGA

2017 NGN to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 10.9456. Conversely, the yearly low was recorded on August 13, dropping to 7.9801.

This high-to-low spread represents a total annual volatility of 2.9656 MGA. From a start-to-finish perspective, comparing the January average rate of 10.4830 to the December average rate of 8.9677, the exchange rate registered a net change of -14.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 10.9456 was down 33.64% compared to the 2016 peak of 16.4931, 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 10,945,637 MGA

2016 Average 12,978,228 MGA

Yearly Trough Low 7,980,075 MGA

Transaction Impact: A difference of 2,965,561.83 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

10.6993

8.1032

JanuMarcMayJulySeptNove

NGN to MGA 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 10.0865, compared to 8.7304 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3561 points.

H1 Avg (Jan–Jun) 10.0865

H2 Avg (Jul–Dec) 8.7304

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 1.4932 MGA (High: 9.4732 / Low: 7.9801). On the other end, November was the most stable month, with a tight range of 0.1835 MGA (High: 8.9586 / Low: 8.7751).

August Spread (Volatile) ±1.4932

November Spread (Stable) ±0.1835

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.0319 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.0319

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 10.4830) against the same month in 2016 (average: 16.1290), the exchange rate shifted by -5.6460 (-35.01%).

2017 Avg (January) 10.4830

2016 Avg (January) 16.1290

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.9456	10.1115	10.4830
February	10.5561	9.6832	9.9989
March	10.7661	9.6546	10.1562
April	10.4521	10.0567	10.1630
May	10.1886	9.4697	9.8718
June	10.2348	8.7942	9.8460
July	9.7553	8.2895	9.3514
August	9.4732	7.9801	8.3195
September	8.4880	8.1891	8.3324
October	8.8142	8.4574	8.5697
November	8.9586	8.7751	8.8419
December	9.0784	8.7990	8.9677