YEARLY HIGH
0.0013 OMR
YEARLY LOW
0.0010 OMR
YEARLY AVERAGE
0.0012 OMR

2017 NGN to OMR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to OMR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0013. Conversely, the yearly low was recorded on August 5, dropping to 0.0010.

This high-to-low spread represents a total annual volatility of 0.0002 OMR. From a start-to-finish perspective, comparing the January average rate of 0.0012 to the December average rate of 0.0011, the exchange rate registered a net change of -13.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0013 was down 34.68% compared to the 2016 peak of 0.0019, 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 1,268 OMR
2016 Average 1,570 OMR
Yearly Trough Low 1,044 OMR
Transaction Impact: A difference of 224.92 OMR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0012
0.0011
JanuMarcMayJulySeptNove

NGN to OMR 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 0.0012, compared to 0.0011 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0012
H2 Avg (Jul–Dec) 0.0011

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0002 OMR (High: 0.0012 / Low: 0.0010). On the other end, December was the most stable month, with a tight range of 0.0000 OMR (High: 0.0011 / Low: 0.0011).

August Spread (Volatile) ±0.0002
December Spread (Stable) ±0.0000

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 0.0001 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0012) against the same month in 2016 (average: 0.0019), the exchange rate shifted by -0.0007 (-36.40%).

2017 Avg (January) 0.0012
2016 Avg (January) 0.0019

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0013 0.0012 0.0012
February 0.0013 0.0012 0.0012
March 0.0013 0.0012 0.0012
April 0.0013 0.0012 0.0012
May 0.0012 0.0012 0.0012
June 0.0012 0.0011 0.0012
July 0.0013 0.0011 0.0012
August 0.0012 0.0010 0.0011
September 0.0011 0.0011 0.0011
October 0.0011 0.0011 0.0011
November 0.0011 0.0011 0.0011
December 0.0011 0.0011 0.0011