YEARLY HIGH
0.0124 SAR
YEARLY LOW
0.0102 SAR
YEARLY AVERAGE
0.0113 SAR

2017 NGN to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0124. Conversely, the yearly low was recorded on August 5, dropping to 0.0102.

This high-to-low spread represents a total annual volatility of 0.0022 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0120 to the December average rate of 0.0104, the exchange rate registered a net change of -12.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0124 was down 34.70% compared to the 2016 peak of 0.0189, 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 12,358 SAR
2016 Average 15,294 SAR
Yearly Trough Low 10,163 SAR
Transaction Impact: A difference of 2,195.06 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0121
0.0103
JanuMarcMayJulySeptNove

NGN to SAR 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 0.0119, compared to 0.0107 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0119
H2 Avg (Jul–Dec) 0.0107

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0017 SAR (High: 0.0119 / Low: 0.0102). On the other end, December was the most stable month, with a tight range of 0.0001 SAR (High: 0.0105 / Low: 0.0104).

August Spread (Volatile) ±0.0017
December Spread (Stable) ±0.0001

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 0.0013 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0120) against the same month in 2016 (average: 0.0188), the exchange rate shifted by -0.0069 (-36.44%).

2017 Avg (January) 0.0120
2016 Avg (January) 0.0188

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0124 0.0118 0.0120
February 0.0123 0.0118 0.0119
March 0.0123 0.0118 0.0120
April 0.0122 0.0118 0.0119
May 0.0120 0.0115 0.0118
June 0.0120 0.0107 0.0118
July 0.0123 0.0107 0.0119
August 0.0119 0.0102 0.0105
September 0.0106 0.0104 0.0105
October 0.0105 0.0104 0.0104
November 0.0105 0.0104 0.0104
December 0.0105 0.0104 0.0104