YEARLY HIGH
0.0449 NAD
YEARLY LOW
0.0343 NAD
YEARLY AVERAGE
0.0400 NAD

2017 NGN to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0449. Conversely, the yearly low was recorded on December 27, dropping to 0.0343.

This high-to-low spread represents a total annual volatility of 0.0107 NAD. From a start-to-finish perspective, comparing the January average rate of 0.0433 to the December average rate of 0.0365, the exchange rate registered a net change of -15.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0449 was down 46.89% compared to the 2016 peak of 0.0846, 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 44,911 NAD
2016 Average 60,585 NAD
Yearly Trough Low 34,251 NAD
Transaction Impact: A difference of 10,660.94 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0439
0.0358
JanuMarcMayJulySeptNove

NGN to NAD 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 0.0419, compared to 0.0382 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0037 points.

H1 Avg (Jan–Jun) 0.0419
H2 Avg (Jul–Dec) 0.0382

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0061 NAD (High: 0.0421 / Low: 0.0360). On the other end, November was the most stable month, with a tight range of 0.0022 NAD (High: 0.0401 / Low: 0.0380).

August Spread (Volatile) ±0.0061
November Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between September and November, 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 0.0043 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0433) against the same month in 2016 (average: 0.0817), the exchange rate shifted by -0.0385 (-47.08%).

2017 Avg (January) 0.0433
2016 Avg (January) 0.0817

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0449 0.0419 0.0433
February 0.0439 0.0408 0.0419
March 0.0425 0.0394 0.0411
April 0.0449 0.0408 0.0428
May 0.0433 0.0398 0.0418
June 0.0415 0.0370 0.0405
July 0.0430 0.0369 0.0415
August 0.0421 0.0360 0.0371
September 0.0380 0.0356 0.0367
October 0.0395 0.0371 0.0381
November 0.0401 0.0380 0.0392
December 0.0382 0.0343 0.0365