2017 NGN to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 NGN to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the NGN to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 24.5845. Conversely, the yearly low was recorded on January 8, dropping to 17.3484.
This high-to-low spread represents a total annual volatility of 7.2361 SLL. From a start-to-finish perspective, comparing the January average rate of 22.0254 to the December average rate of 21.2547, the exchange rate registered a net change of -3.50% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 24.5845 was up 16.43% compared to the 2016 peak of 21.1148, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
NGN to SLL Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 23.3542, compared to 21.6098 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.7443 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was January, with a trading range of 7.1071 SLL (High: 24.4555 / Low: 17.3484). On the other end, December was the most stable month, with a tight range of 0.2745 SLL (High: 21.3438 / Low: 21.0692).
Growth Streaks & Declines
TrendsBetween January and April, 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 2.5931 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2017: 23.7167) against the same month in 2016 (average: 18.8981), the exchange rate shifted by +4.8186 (+25.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.4555 | 17.3484 | 22.0254 |
| February | 24.3068 | 23.1821 | 23.4931 |
| March | 24.4138 | 22.9965 | 23.6980 |
| April | 24.2960 | 23.5433 | 23.7335 |
| May | 23.9570 | 22.9947 | 23.5829 |
| June | 24.0340 | 21.4062 | 23.5921 |
| July | 24.5845 | 21.3655 | 23.7167 |
| August | 23.9729 | 20.4483 | 21.1236 |
| September | 21.2976 | 20.8515 | 21.0470 |
| October | 21.4955 | 21.1711 | 21.2663 |
| November | 21.4700 | 21.0976 | 21.2507 |
| December | 21.3438 | 21.0692 | 21.2547 |