YEARLY HIGH
0.0247 SRD
YEARLY LOW
0.0202 SRD
YEARLY AVERAGE
0.0225 SRD

2017 NGN to SRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 31, valuing the pair at 0.0247. Conversely, the yearly low was recorded on August 5, dropping to 0.0202.

This high-to-low spread represents a total annual volatility of 0.0045 SRD. From a start-to-finish perspective, comparing the January average rate of 0.0239 to the December average rate of 0.0207, the exchange rate registered a net change of -13.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0247 was down 29.77% compared to the 2016 peak of 0.0352, 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 24,704 SRD
2016 Average 23,969 SRD
Yearly Trough Low 20,156 SRD
Transaction Impact: A difference of 4,548.32 SRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0244
0.0204
JanuMarcMayJulySeptNove

NGN to SRD 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 0.0239, compared to 0.0212 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0239
H2 Avg (Jul–Dec) 0.0212

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0035 SRD (High: 0.0236 / Low: 0.0202). On the other end, December was the most stable month, with a tight range of 0.0002 SRD (High: 0.0208 / Low: 0.0206).

August Spread (Volatile) ±0.0035
December Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and March, 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 0.0028 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0239) against the same month in 2016 (average: 0.0201), the exchange rate shifted by +0.0038 (+18.94%).

2017 Avg (January) 0.0239
2016 Avg (January) 0.0201

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0247 0.0235 0.0239
February 0.0246 0.0237 0.0239
March 0.0247 0.0237 0.0240
April 0.0245 0.0238 0.0240
May 0.0240 0.0232 0.0238
June 0.0240 0.0214 0.0236
July 0.0245 0.0213 0.0236
August 0.0236 0.0202 0.0209
September 0.0210 0.0206 0.0207
October 0.0209 0.0206 0.0207
November 0.0209 0.0206 0.0207
December 0.0208 0.0206 0.0207