YEARLY HIGH
24.5845 SLL
YEARLY LOW
17.3484 SLL
YEARLY AVERAGE
22.4820 SLL

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.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 24,584,538 SLL
2016 Average 18,984,847 SLL
Yearly Trough Low 17,348,423 SLL
Transaction Impact: A difference of 7,236,115.31 SLL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

24.0021
20.7784
JanuMarcMayJulySeptNove

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)

Seasonal

The 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.

H1 Avg (Jan–Jun) 23.3542
H2 Avg (Jul–Dec) 21.6098

Volatility Range Comparison

Volatility

The 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).

January Spread (Volatile) ±7.1071
December Spread (Stable) ±0.2745

Growth Streaks & Declines

Trends

Between 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.

Longest Streak 3 Mo.
Sharpest MoM Drop -2.5931

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2017 Avg (July) 23.7167
2016 Avg (July) 18.8981

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