YEARLY HIGH
1.7190 NGN
YEARLY LOW
0.6676 NGN
YEARLY AVERAGE
1.1724 NGN

2017 SYP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the SYP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 1.7190. Conversely, the yearly low was recorded on August 20, dropping to 0.6676.

This high-to-low spread represents a total annual volatility of 1.0513 NGN. From a start-to-finish perspective, comparing the January average rate of 1.4629 to the December average rate of 0.6986, the exchange rate registered a net change of -52.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.7190 was up 6.11% compared to the 2016 peak of 1.6199, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,595 NGN
2016 Average 5,953 NGN
Yearly Trough Low 3,338 NGN
Transaction Impact: A difference of 5,256.57 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.5640
0.6176
JanuMarcMayJulySeptNove

SYP 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 1.4720, compared to 0.8727 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5992 points.

H1 Avg (Jan–Jun) 1.4720
H2 Avg (Jul–Dec) 0.8727

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 1.0513 NGN (High: 1.7190 / Low: 0.6676). On the other end, December was the most stable month, with a tight range of 0.0051 NGN (High: 0.7011 / Low: 0.6960).

August Spread (Volatile) ±1.0513
December Spread (Stable) ±0.0051

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.5078 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.5078

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 0.9690) against the same month in 2016 (average: 1.5001), the exchange rate shifted by -0.5311 (-35.41%).

2017 Avg (August) 0.9690
2016 Avg (August) 1.5001

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.4829 1.4182 1.4629
February 1.4812 1.4269 1.4707
March 1.4858 1.4270 1.4643
April 1.4813 1.4358 1.4699
May 1.5180 1.4626 1.4790
June 1.6352 1.4602 1.4851
July 1.6352 1.4266 1.4768
August 1.7190 0.6676 0.9690
September 0.7019 0.6884 0.6964
October 0.7004 0.6913 0.6975
November 0.7035 0.6913 0.6981
December 0.7011 0.6960 0.6986