YEARLY HIGH
0.0047 NZD
YEARLY LOW
0.0037 NZD
YEARLY AVERAGE
0.0042 NZD

2017 NGN to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0047. Conversely, the yearly low was recorded on August 5, dropping to 0.0037.

This high-to-low spread represents a total annual volatility of 0.0010 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0045 to the December average rate of 0.0040, the exchange rate registered a net change of -11.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0047 was down 40.20% compared to the 2016 peak of 0.0079, 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 4,700 NZD
2016 Average 5,894 NZD
Yearly Trough Low 3,652 NZD
Transaction Impact: A difference of 1,047.25 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0046
0.0038
JanuMarcMayJulySeptNove

NGN to NZD 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 0.0045, compared to 0.0040 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0045
H2 Avg (Jul–Dec) 0.0040

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0006 NZD (High: 0.0043 / Low: 0.0037). On the other end, November was the most stable month, with a tight range of 0.0001 NZD (High: 0.0041 / Low: 0.0040).

August Spread (Volatile) ±0.0006
November Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0045) against the same month in 2016 (average: 0.0077), the exchange rate shifted by -0.0032 (-41.55%).

2017 Avg (January) 0.0045
2016 Avg (January) 0.0077

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0047 0.0043 0.0045
February 0.0045 0.0043 0.0044
March 0.0047 0.0045 0.0046
April 0.0047 0.0045 0.0046
May 0.0046 0.0044 0.0045
June 0.0045 0.0039 0.0044
July 0.0045 0.0039 0.0043
August 0.0043 0.0037 0.0038
September 0.0039 0.0038 0.0038
October 0.0041 0.0039 0.0040
November 0.0041 0.0040 0.0040
December 0.0041 0.0039 0.0040