2017 NGN to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 NGN to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the NGN to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 31, valuing the pair at 7.3187. Conversely, the yearly low was recorded on August 5, dropping to 6.0651.
This high-to-low spread represents a total annual volatility of 1.2536 TZS. From a start-to-finish perspective, comparing the January average rate of 7.0800 to the December average rate of 6.2315, the exchange rate registered a net change of -11.99% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 7.3187 was down 33.85% compared to the 2016 peak of 11.0636, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
NGN to TZS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 7.0697, compared to 6.3986 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6710 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 1.0421 TZS (High: 7.1072 / Low: 6.0651). On the other end, December was the most stable month, with a tight range of 0.0586 TZS (High: 6.2625 / Low: 6.2039).
Growth Streaks & Declines
TrendsBetween September and November, 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 0.7880 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2017: 7.0800) against the same month in 2016 (average: 10.9605), the exchange rate shifted by -3.8804 (-35.40%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.3187 | 6.9054 | 7.0800 |
| February | 7.2696 | 7.0050 | 7.0721 |
| March | 7.3027 | 6.9679 | 7.1025 |
| April | 7.2823 | 7.0201 | 7.0925 |
| May | 7.1343 | 6.8763 | 7.0505 |
| June | 7.1471 | 6.3832 | 7.0203 |
| July | 7.3150 | 6.3880 | 7.0713 |
| August | 7.1072 | 6.0651 | 6.2833 |
| September | 6.3317 | 6.1972 | 6.2542 |
| October | 6.3157 | 6.2235 | 6.2544 |
| November | 6.8692 | 6.2029 | 6.2971 |
| December | 6.2625 | 6.2039 | 6.2315 |