YEARLY HIGH
0.0298 SEK
YEARLY LOW
0.0219 SEK
YEARLY AVERAGE
0.0258 SEK

2017 NGN to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0298. Conversely, the yearly low was recorded on September 8, dropping to 0.0219.

This high-to-low spread represents a total annual volatility of 0.0078 SEK. From a start-to-finish perspective, comparing the January average rate of 0.0286 to the December average rate of 0.0233, the exchange rate registered a net change of -18.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0298 was down 31.16% compared to the 2016 peak of 0.0433, 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 29,774 SEK
2016 Average 34,708 SEK
Yearly Trough Low 21,937 SEK
Transaction Impact: A difference of 7,836.55 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0292
0.0217
JanuMarcMayJulySeptNove

NGN to SEK 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 0.0281, compared to 0.0234 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.0281
H2 Avg (Jul–Dec) 0.0234

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0037 SEK (High: 0.0257 / Low: 0.0220). On the other end, November was the most stable month, with a tight range of 0.0006 SEK (High: 0.0236 / Low: 0.0230).

August Spread (Volatile) ±0.0037
November Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0036 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0286) against the same month in 2016 (average: 0.0429), the exchange rate shifted by -0.0143 (-33.37%).

2017 Avg (January) 0.0286
2016 Avg (January) 0.0429

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0298 0.0279 0.0286
February 0.0286 0.0276 0.0283
March 0.0290 0.0278 0.0284
April 0.0295 0.0279 0.0285
May 0.0282 0.0267 0.0277
June 0.0278 0.0244 0.0273
July 0.0271 0.0237 0.0263
August 0.0257 0.0220 0.0227
September 0.0228 0.0219 0.0223
October 0.0233 0.0224 0.0228
November 0.0236 0.0230 0.0233
December 0.0236 0.0228 0.0233