2017 NGN to STD Historical Review

YEARLY HIGH

76.5778 STD

YEARLY LOW

56.1687 STD

YEARLY AVERAGE

65.5954 STD

2017 NGN to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 76.5778. Conversely, the yearly low was recorded on August 5, dropping to 56.1687.

This high-to-low spread represents a total annual volatility of 20.4091 STD. From a start-to-finish perspective, comparing the January average rate of 73.7193 to the December average rate of 57.4960, the exchange rate registered a net change of -22.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 76.5778 was down 32.88% compared to the 2016 peak of 114.0853, 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 76,577,833 STD

2016 Average 90,136,472 STD

Yearly Trough Low 56,168,725 STD

Transaction Impact: A difference of 20,409,108.11 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

75.3574

55.7000

JanuMarcMayJulySeptNove

NGN to STD 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 71.8418, compared to 59.3490 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 12.4929 points.

H1 Avg (Jan–Jun) 71.8418

H2 Avg (Jul–Dec) 59.3490

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 9.7690 STD (High: 65.9377 / Low: 56.1687). On the other end, October was the most stable month, with a tight range of 0.9037 STD (High: 58.3805 / Low: 57.4768).

August Spread (Volatile) ±9.7690

October Spread (Stable) ±0.9037

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 8.9895 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -8.9895

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 73.7193) against the same month in 2016 (average: 113.2144), the exchange rate shifted by -39.4951 (-34.89%).

2017 Avg (January) 73.7193

2016 Avg (January) 113.2144

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	76.5778	71.9895	73.7193
February	74.6388	71.7919	73.0352
March	74.5611	71.5630	73.0285
April	74.9784	70.9783	72.6473
May	71.4432	67.1984	70.0040
June	69.7643	61.8361	68.6168
July	69.8309	60.6745	67.2007
August	65.9377	56.1687	58.2112
September	58.2845	56.3691	57.3381
October	58.3805	57.4768	57.9833
November	58.8423	56.9547	57.8644
December	57.9105	56.9525	57.4960