YEARLY HIGH
0.0148 MYR
YEARLY LOW
0.0113 MYR
YEARLY AVERAGE
0.0130 MYR

2017 NGN to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0148. Conversely, the yearly low was recorded on December 5, dropping to 0.0113.

This high-to-low spread represents a total annual volatility of 0.0035 MYR. From a start-to-finish perspective, comparing the January average rate of 0.0142 to the December average rate of 0.0113, the exchange rate registered a net change of -20.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0148 was down 33.58% compared to the 2016 peak of 0.0222, 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 14,750 MYR
2016 Average 16,856 MYR
Yearly Trough Low 11,253 MYR
Transaction Impact: A difference of 3,497.04 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0145
0.0110
JanuMarcMayJulySeptNove

NGN to MYR 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 0.0139, compared to 0.0120 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.0139
H2 Avg (Jul–Dec) 0.0120

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0020 MYR (High: 0.0136 / Low: 0.0116). On the other end, December was the most stable month, with a tight range of 0.0001 MYR (High: 0.0114 / Low: 0.0113).

August Spread (Volatile) ±0.0020
December Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No 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 0.0015 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0142) against the same month in 2016 (average: 0.0218), the exchange rate shifted by -0.0075 (-34.55%).

2017 Avg (January) 0.0142
2016 Avg (January) 0.0218

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0148 0.0140 0.0142
February 0.0145 0.0140 0.0141
March 0.0145 0.0140 0.0141
April 0.0144 0.0137 0.0140
May 0.0138 0.0131 0.0136
June 0.0137 0.0123 0.0134
July 0.0140 0.0122 0.0136
August 0.0136 0.0116 0.0120
September 0.0119 0.0116 0.0117
October 0.0118 0.0117 0.0118
November 0.0119 0.0114 0.0116
December 0.0114 0.0113 0.0113