YEARLY HIGH
0.2344 MZN
YEARLY LOW
0.1637 MZN
YEARLY AVERAGE
0.1942 MZN

2017 NGN to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.2344. Conversely, the yearly low was recorded on December 26, dropping to 0.1637.

This high-to-low spread represents a total annual volatility of 0.0707 MZN. From a start-to-finish perspective, comparing the January average rate of 0.2260 to the December average rate of 0.1660, the exchange rate registered a net change of -26.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.2344 was down 24.20% compared to the 2016 peak of 0.3092, 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 234,382 MZN
2016 Average 245,699 MZN
Yearly Trough Low 163,677 MZN
Transaction Impact: A difference of 70,705.41 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.2320
0.1600
JanuMarcMayJulySeptNove

NGN to MZN 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 0.2150, compared to 0.1733 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0417 points.

H1 Avg (Jan–Jun) 0.2150
H2 Avg (Jul–Dec) 0.1733

Volatility Range Comparison

Volatility

The most volatile month in 2017 was June, with a trading range of 0.0554 MZN (High: 0.2266 / Low: 0.1712). On the other end, November was the most stable month, with a tight range of 0.0038 MZN (High: 0.1712 / Low: 0.1675).

June Spread (Volatile) ±0.0554
November Spread (Stable) ±0.0038

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 0.0199 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0199

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.2260) against the same month in 2016 (average: 0.2327), the exchange rate shifted by -0.0067 (-2.87%).

2017 Avg (January) 0.2260
2016 Avg (January) 0.2327

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.2344 0.2220 0.2260
February 0.2305 0.2192 0.2229
March 0.2272 0.2161 0.2205
April 0.2171 0.2068 0.2101
May 0.2259 0.2016 0.2139
June 0.2266 0.1712 0.1967
July 0.1997 0.1717 0.1913
August 0.1936 0.1653 0.1715
September 0.1744 0.1694 0.1716
October 0.1728 0.1689 0.1700
November 0.1712 0.1675 0.1693
December 0.1696 0.1637 0.1660