2017 NGN to TOP Historical Review

YEARLY HIGH

0.0076 TOP

YEARLY LOW

0.0059 TOP

YEARLY AVERAGE

0.0068 TOP

2017 NGN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0076. Conversely, the yearly low was recorded on August 5, dropping to 0.0059.

This high-to-low spread represents a total annual volatility of 0.0017 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0074 to the December average rate of 0.0064, the exchange rate registered a net change of -13.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0076 was down 35.24% compared to the 2016 peak of 0.0117, 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 7,609 TOP

2016 Average 9,183 TOP

Yearly Trough Low 5,946 TOP

Transaction Impact: A difference of 1,662.70 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0075

0.0061

JanuMarcMayJulySeptNove

NGN to TOP 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 0.0073, compared to 0.0064 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0073

H2 Avg (Jul–Dec) 0.0064

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0011 TOP (High: 0.0070 / Low: 0.0059). On the other end, December was the most stable month, with a tight range of 0.0001 TOP (High: 0.0064 / Low: 0.0063).

August Spread (Volatile) ±0.0011

December Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and May, 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 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0074) against the same month in 2016 (average: 0.0113), the exchange rate shifted by -0.0040 (-35.12%).

2017 Avg (January) 0.0074

2016 Avg (January) 0.0113

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0076	0.0072	0.0074
February	0.0075	0.0071	0.0072
March	0.0075	0.0071	0.0073
April	0.0075	0.0072	0.0073
May	0.0075	0.0071	0.0073
June	0.0073	0.0064	0.0072
July	0.0074	0.0064	0.0071
August	0.0070	0.0059	0.0062
September	0.0063	0.0061	0.0062
October	0.0063	0.0062	0.0062
November	0.0064	0.0062	0.0063
December	0.0064	0.0063	0.0064