2017 PEN to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 PEN to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the PEN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 113.7733. Conversely, the yearly low was recorded on January 9, dropping to 89.7329.
This high-to-low spread represents a total annual volatility of 24.0404 NGN. From a start-to-finish perspective, comparing the January average rate of 93.8016 to the December average rate of 110.8829, the exchange rate registered a net change of 18.21% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 113.7733 was up 9.06% compared to the 2016 peak of 104.3219, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
PEN to NGN 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 96.3391, compared to 108.3806 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 12.0415 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 16.4974 NGN (High: 113.7733 / Low: 97.2759). On the other end, October was the most stable month, with a tight range of 2.1761 NGN (High: 111.4204 / Low: 109.2443).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.5612 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 110.1492) against the same month in 2016 (average: 96.7642), the exchange rate shifted by +13.3850 (+13.83%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 96.7103 | 89.7329 | 93.8016 |
| February | 97.6033 | 93.5625 | 96.7490 |
| March | 97.6136 | 94.0703 | 96.1878 |
| April | 97.7960 | 94.3931 | 96.9249 |
| May | 99.3588 | 95.7302 | 96.8846 |
| June | 107.7803 | 95.6953 | 97.4867 |
| July | 108.0983 | 94.0434 | 97.5150 |
| August | 113.7733 | 97.2759 | 110.1492 |
| September | 111.8614 | 108.8423 | 110.5036 |
| October | 111.4204 | 109.2443 | 110.4706 |
| November | 111.7055 | 105.8480 | 110.7622 |
| December | 111.6014 | 109.4006 | 110.8829 |