YEARLY HIGH
0.0450 SCR
YEARLY LOW
0.0361 SCR
YEARLY AVERAGE
0.0409 SCR

2017 NGN to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.0450. Conversely, the yearly low was recorded on August 13, dropping to 0.0361.

This high-to-low spread represents a total annual volatility of 0.0089 SCR. From a start-to-finish perspective, comparing the January average rate of 0.0427 to the December average rate of 0.0387, the exchange rate registered a net change of -9.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0450 was down 37.49% compared to the 2016 peak of 0.0720, 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 45,021 SCR
2016 Average 54,115 SCR
Yearly Trough Low 36,117 SCR
Transaction Impact: A difference of 8,903.63 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0434
0.0375
JanuMarcMayJulySeptNove

NGN to SCR 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 0.0427, compared to 0.0390 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) 0.0427
H2 Avg (Jul–Dec) 0.0390

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0069 SCR (High: 0.0430 / Low: 0.0361). On the other end, September was the most stable month, with a tight range of 0.0016 SCR (High: 0.0387 / Low: 0.0371).

August Spread (Volatile) ±0.0069
September Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between September and December, 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 0.0047 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2017: 0.0428) against the same month in 2016 (average: 0.0451), the exchange rate shifted by -0.0023 (-5.01%).

2017 Avg (July) 0.0428
2016 Avg (July) 0.0451

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0441 0.0411 0.0427
February 0.0435 0.0415 0.0427
March 0.0440 0.0411 0.0429
April 0.0445 0.0414 0.0428
May 0.0437 0.0414 0.0427
June 0.0437 0.0389 0.0423
July 0.0450 0.0383 0.0428
August 0.0430 0.0361 0.0381
September 0.0387 0.0371 0.0380
October 0.0392 0.0373 0.0381
November 0.0392 0.0367 0.0384
December 0.0392 0.0372 0.0387