YEARLY HIGH
0.0121 QAR
YEARLY LOW
0.0099 QAR
YEARLY AVERAGE
0.0111 QAR

2017 NGN to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 27, valuing the pair at 0.0121. Conversely, the yearly low was recorded on August 14, dropping to 0.0099.

This high-to-low spread represents a total annual volatility of 0.0021 QAR. From a start-to-finish perspective, comparing the January average rate of 0.0116 to the December average rate of 0.0102, the exchange rate registered a net change of -12.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0121 was down 34.35% compared to the 2016 peak of 0.0184, 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 12,063 QAR
2016 Average 14,847 QAR
Yearly Trough Low 9,936 QAR
Transaction Impact: A difference of 2,126.86 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0118
0.0101
JanuMarcMayJulySeptNove

NGN to QAR 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 0.0116, compared to 0.0106 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0116
H2 Avg (Jul–Dec) 0.0106

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0017 QAR (High: 0.0116 / Low: 0.0099). On the other end, December was the most stable month, with a tight range of 0.0002 QAR (High: 0.0103 / Low: 0.0101).

August Spread (Volatile) ±0.0017
December Spread (Stable) ±0.0002

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 0.0013 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2017: 0.0116) against the same month in 2016 (average: 0.0167), the exchange rate shifted by -0.0051 (-30.65%).

2017 Avg (June) 0.0116
2016 Avg (June) 0.0167

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0120 0.0115 0.0116
February 0.0119 0.0115 0.0116
March 0.0119 0.0114 0.0116
April 0.0118 0.0115 0.0116
May 0.0116 0.0112 0.0115
June 0.0121 0.0107 0.0116
July 0.0120 0.0104 0.0116
August 0.0116 0.0099 0.0103
September 0.0105 0.0101 0.0103
October 0.0107 0.0101 0.0104
November 0.0109 0.0101 0.0106
December 0.0103 0.0101 0.0102