YEARLY HIGH
0.0576 NGN
YEARLY LOW
0.0407 NGN
YEARLY AVERAGE
0.0447 NGN

2017 SLL to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the SLL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.0576. Conversely, the yearly low was recorded on July 28, dropping to 0.0407.

This high-to-low spread represents a total annual volatility of 0.0170 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0461 to the December average rate of 0.0470, the exchange rate registered a net change of 1.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0576 was down 19.73% compared to the 2016 peak of 0.0718, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 288 NGN
2016 Average 265 NGN
Yearly Trough Low 203 NGN
Transaction Impact: A difference of 84.83 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0481
0.0416
JanuMarcMayJulySeptNove

SLL 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 0.0430, compared to 0.0464 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0034 points.

H1 Avg (Jan–Jun) 0.0430
H2 Avg (Jul–Dec) 0.0464

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 0.0168 NGN (High: 0.0576 / Low: 0.0409). On the other end, December was the most stable month, with a tight range of 0.0006 NGN (High: 0.0475 / Low: 0.0469).

January Spread (Volatile) ±0.0168
December Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between April and June, 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 January and February, when the average rate fell by 0.0036 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0461) against the same month in 2016 (average: 0.0480), the exchange rate shifted by -0.0018 (-3.84%).

2017 Avg (January) 0.0461
2016 Avg (January) 0.0480

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0576 0.0409 0.0461
February 0.0431 0.0411 0.0426
March 0.0435 0.0410 0.0422
April 0.0425 0.0412 0.0421
May 0.0435 0.0417 0.0424
June 0.0467 0.0416 0.0424
July 0.0468 0.0407 0.0422
August 0.0489 0.0417 0.0474
September 0.0480 0.0470 0.0475
October 0.0472 0.0465 0.0470
November 0.0474 0.0466 0.0471
December 0.0475 0.0469 0.0470