YEARLY HIGH
100.6465 NGN
YEARLY LOW
82.9007 NGN
YEARLY AVERAGE
90.6972 NGN

2017 QAR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the QAR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 100.6465. Conversely, the yearly low was recorded on June 27, dropping to 82.9007.

This high-to-low spread represents a total annual volatility of 17.7458 NGN. From a start-to-finish perspective, comparing the January average rate of 85.9899 to the December average rate of 98.0783, the exchange rate registered a net change of 14.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 100.6465 was up 5.29% compared to the 2016 peak of 95.5934, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 QAR based on timing:

Yearly Peak High 503,233 NGN
2016 Average 353,810 NGN
Yearly Trough Low 414,504 NGN
Transaction Impact: A difference of 88,729.17 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

99.2871
84.7811
JanuMarcMayJulySeptNove

QAR to NGN 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 86.4880, compared to 94.9065 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.4185 points.

H1 Avg (Jan–Jun) 86.4880
H2 Avg (Jul–Dec) 94.9065

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 14.6836 NGN (High: 100.6465 / Low: 85.9629). On the other end, December was the most stable month, with a tight range of 2.1895 NGN (High: 99.1891 / Low: 96.9996).

August Spread (Volatile) ±14.6836
December Spread (Stable) ±2.1895

Growth Streaks & Declines

Trends

Between March and May, 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 October and November, when the average rate fell by 1.5940 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -1.5940

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 97.5800) against the same month in 2016 (average: 88.5527), the exchange rate shifted by +9.0273 (+10.19%).

2017 Avg (August) 97.5800
2016 Avg (August) 88.5527

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 87.1905 83.3573 85.9899
February 87.2001 83.9909 86.5788
March 87.4637 84.0213 86.1921
April 87.2205 84.5463 86.5183
May 89.3372 86.1003 87.0697
June 93.8408 82.9007 86.5791
July 95.9914 82.9949 86.3536
August 100.6465 85.9629 97.5800
September 98.9543 95.5531 96.8844
October 98.8431 93.6923 96.0684
November 98.8746 91.7583 94.4744
December 99.1891 96.9996 98.0783