YEARLY HIGH
0.0047 SGD
YEARLY LOW
0.0037 SGD
YEARLY AVERAGE
0.0042 SGD

2017 NGN to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0047. Conversely, the yearly low was recorded on August 5, dropping to 0.0037.

This high-to-low spread represents a total annual volatility of 0.0010 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0046 to the December average rate of 0.0037, the exchange rate registered a net change of -18.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0047 was down 34.79% compared to the 2016 peak of 0.0072, 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 4,728 SGD
2016 Average 5,631 SGD
Yearly Trough Low 3,687 SGD
Transaction Impact: A difference of 1,040.91 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0046
0.0037
JanuMarcMayJulySeptNove

NGN to SGD 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 0.0045, compared to 0.0039 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0045
H2 Avg (Jul–Dec) 0.0039

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0006 SGD (High: 0.0043 / Low: 0.0037). On the other end, December was the most stable month, with a tight range of 0.0000 SGD (High: 0.0038 / Low: 0.0037).

August Spread (Volatile) ±0.0006
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 0.0005 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0046) against the same month in 2016 (average: 0.0072), the exchange rate shifted by -0.0026 (-36.50%).

2017 Avg (January) 0.0046
2016 Avg (January) 0.0072

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0047 0.0045 0.0046
February 0.0046 0.0044 0.0045
March 0.0046 0.0044 0.0045
April 0.0046 0.0044 0.0044
May 0.0045 0.0043 0.0044
June 0.0044 0.0039 0.0043
July 0.0045 0.0039 0.0043
August 0.0043 0.0037 0.0038
September 0.0038 0.0037 0.0038
October 0.0038 0.0037 0.0038
November 0.0038 0.0037 0.0038
December 0.0038 0.0037 0.0037