YEARLY HIGH
0.0288 SVC
YEARLY LOW
0.0237 SVC
YEARLY AVERAGE
0.0263 SVC

2017 NGN to SVC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to SVC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0288. Conversely, the yearly low was recorded on August 5, dropping to 0.0237.

This high-to-low spread represents a total annual volatility of 0.0050 SVC. From a start-to-finish perspective, comparing the January average rate of 0.0279 to the December average rate of 0.0243, the exchange rate registered a net change of -12.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0288 was down 34.69% compared to the 2016 peak of 0.0440, 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 28,756 SVC
2016 Average 35,655 SVC
Yearly Trough Low 23,710 SVC
Transaction Impact: A difference of 5,045.95 SVC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0283
0.0240
JanuMarcMayJulySeptNove

NGN to SVC 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 0.0277, compared to 0.0249 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.0277
H2 Avg (Jul–Dec) 0.0249

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0040 SVC (High: 0.0278 / Low: 0.0237). On the other end, December was the most stable month, with a tight range of 0.0002 SVC (High: 0.0244 / Low: 0.0242).

August Spread (Volatile) ±0.0040
December Spread (Stable) ±0.0002

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 0.0031 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0279) against the same month in 2016 (average: 0.0439), the exchange rate shifted by -0.0160 (-36.39%).

2017 Avg (January) 0.0279
2016 Avg (January) 0.0439

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0288 0.0276 0.0279
February 0.0287 0.0275 0.0278
March 0.0286 0.0273 0.0279
April 0.0285 0.0276 0.0278
May 0.0278 0.0269 0.0276
June 0.0280 0.0249 0.0275
July 0.0286 0.0250 0.0276
August 0.0278 0.0237 0.0245
September 0.0247 0.0242 0.0244
October 0.0245 0.0243 0.0244
November 0.0246 0.0242 0.0243
December 0.0244 0.0242 0.0243