YEARLY HIGH
2.0453 XAF
YEARLY LOW
1.5076 XAF
YEARLY AVERAGE
1.7567 XAF

2017 NGN to XAF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 2.0453. Conversely, the yearly low was recorded on September 8, dropping to 1.5076.

This high-to-low spread represents a total annual volatility of 0.5377 XAF. From a start-to-finish perspective, comparing the January average rate of 1.9737 to the December average rate of 1.5397, the exchange rate registered a net change of -21.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 2.0453 was down 33.24% compared to the 2016 peak of 3.0636, 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 2,045,257 XAF
2016 Average 2,416,255 XAF
Yearly Trough Low 1,507,554 XAF
Transaction Impact: A difference of 537,702.77 XAF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

2.0176
1.4912
JanuMarcMayJulySeptNove

NGN to XAF 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 1.9237, compared to 1.5897 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3339 points.

H1 Avg (Jan–Jun) 1.9237
H2 Avg (Jul–Dec) 1.5897

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.2506 XAF (High: 1.7604 / Low: 1.5097). On the other end, December was the most stable month, with a tight range of 0.0322 XAF (High: 1.5536 / Low: 1.5215).

August Spread (Volatile) ±0.2506
December Spread (Stable) ±0.0322

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 0.2416 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.2416

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 1.9737) against the same month in 2016 (average: 3.0355), the exchange rate shifted by -1.0618 (-34.98%).

2017 Avg (January) 1.9737
2016 Avg (January) 3.0355

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.0453 1.9289 1.9737
February 1.9946 1.9233 1.9566
March 1.9988 1.9179 1.9569
April 2.0097 1.9033 1.9448
May 1.9140 1.7990 1.8724
June 1.8666 1.6483 1.8376
July 1.8694 1.6233 1.7988
August 1.7604 1.5097 1.5572
September 1.5637 1.5076 1.5351
October 1.5747 1.5372 1.5539
November 1.5869 1.5261 1.5538
December 1.5536 1.5215 1.5397