YEARLY HIGH
1.4978 SYP
YEARLY LOW
0.5817 SYP
YEARLY AVERAGE
0.9736 SYP

2017 NGN to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 20, valuing the pair at 1.4978. Conversely, the yearly low was recorded on August 5, dropping to 0.5817.

This high-to-low spread represents a total annual volatility of 0.9161 SYP. From a start-to-finish perspective, comparing the January average rate of 0.6837 to the December average rate of 1.4314, the exchange rate registered a net change of 109.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.4978 was up 35.09% compared to the 2016 peak of 1.1088, 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 1,497,798 SYP
2016 Average 887,119 SYP
Yearly Trough Low 581,747 SYP
Transaction Impact: A difference of 916,050.72 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.5121
0.5975
JanuMarcMayJulySeptNove

NGN to SYP 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 0.6795, compared to 1.2676 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5882 points.

H1 Avg (Jan–Jun) 0.6795
H2 Avg (Jul–Dec) 1.2676

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.9161 SYP (High: 1.4978 / Low: 0.5817). On the other end, December was the most stable month, with a tight range of 0.0105 SYP (High: 1.4368 / Low: 1.4263).

August Spread (Volatile) ±0.9161
December Spread (Stable) ±0.0105

Growth Streaks & Declines

Trends

Between June and September, 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 April and May, when the average rate fell by 0.0041 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 1.1946) against the same month in 2016 (average: 0.6672), the exchange rate shifted by +0.5274 (+79.05%).

2017 Avg (August) 1.1946
2016 Avg (August) 0.6672

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.7051 0.6744 0.6837
February 0.7008 0.6751 0.6800
March 0.7008 0.6730 0.6830
April 0.6965 0.6751 0.6803
May 0.6837 0.6588 0.6762
June 0.6848 0.6115 0.6737
July 0.7010 0.6115 0.6778
August 1.4978 0.5817 1.1946
September 1.4527 1.4248 1.4359
October 1.4465 1.4278 1.4336
November 1.4466 1.4215 1.4325
December 1.4368 1.4263 1.4314