2017 NGN to UZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 NGN to UZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the NGN to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 13, valuing the pair at 22.9813. Conversely, the yearly low was recorded on January 8, dropping to 10.0816.
This high-to-low spread represents a total annual volatility of 12.8997 UZS. From a start-to-finish perspective, comparing the January average rate of 10.3484 to the December average rate of 22.5010, the exchange rate registered a net change of 117.43% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 22.9813 was up 55.07% compared to the 2016 peak of 14.8200, 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 UZS 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 11.2761, compared to 18.8080 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.5318 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was September, with a trading range of 11.3089 UZS (High: 22.9813 / Low: 11.6723). On the other end, October was the most stable month, with a tight range of 0.2826 UZS (High: 22.6001 / Low: 22.3175).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.0593 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2017: 21.1245) against the same month in 2016 (average: 9.5562), the exchange rate shifted by +11.5682 (+121.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.6653 | 10.0816 | 10.3484 |
| February | 10.6964 | 10.3294 | 10.4605 |
| March | 11.8119 | 10.3513 | 11.0232 |
| April | 11.8849 | 11.4164 | 11.6398 |
| May | 12.2191 | 11.6246 | 11.9286 |
| June | 12.5782 | 11.1874 | 12.2561 |
| July | 13.2424 | 11.4092 | 12.6810 |
| August | 12.9704 | 11.1975 | 11.6217 |
| September | 22.9813 | 11.6723 | 21.1245 |
| October | 22.6001 | 22.3175 | 22.4517 |
| November | 22.7326 | 22.2989 | 22.4679 |
| December | 22.6095 | 22.3056 | 22.5010 |