2017 SAR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 SAR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the SAR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 98.3985. Conversely, the yearly low was recorded on January 9, dropping to 80.9204.
This high-to-low spread represents a total annual volatility of 17.4781 NGN. From a start-to-finish perspective, comparing the January average rate of 83.4838 to the December average rate of 95.9377, the exchange rate registered a net change of 14.92% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 98.3985 was up 6.03% compared to the 2016 peak of 92.7991, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
SAR 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 84.1031, compared to 93.8110 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.7079 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 14.3825 NGN (High: 98.3985 / Low: 84.0160). On the other end, December was the most stable month, with a tight range of 0.7025 NGN (High: 96.2790 / Low: 95.5765).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.4416 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 95.2006) against the same month in 2016 (average: 85.9739), the exchange rate shifted by +9.2267 (+10.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 84.6159 | 80.9204 | 83.4838 |
| February | 84.6554 | 81.5639 | 84.0566 |
| March | 84.9311 | 81.5847 | 83.6884 |
| April | 84.6625 | 81.7616 | 83.9811 |
| May | 86.7526 | 83.5973 | 84.5319 |
| June | 93.4567 | 83.4488 | 84.8767 |
| July | 93.4642 | 81.5520 | 84.4351 |
| August | 98.3985 | 84.0160 | 95.2006 |
| September | 96.3895 | 94.5371 | 95.6452 |
| October | 96.1723 | 94.9321 | 95.7878 |
| November | 96.6154 | 94.9257 | 95.8595 |
| December | 96.2790 | 95.5765 | 95.9377 |