2017 TOP to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 TOP to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the TOP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 168.1809. Conversely, the yearly low was recorded on January 9, dropping to 131.4289.
This high-to-low spread represents a total annual volatility of 36.7520 NGN. From a start-to-finish perspective, comparing the January average rate of 136.0441 to the December average rate of 157.2525, the exchange rate registered a net change of 15.59% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 168.1809 was up 8.79% compared to the 2016 peak of 154.5980, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
TOP 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 137.8035, compared to 156.9710 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 19.1675 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 25.2903 NGN (High: 168.1809 / Low: 142.8906). On the other end, December was the most stable month, with a tight range of 2.7859 NGN (High: 158.6749 / Low: 155.8889).
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 2.2591 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 162.0165) against the same month in 2016 (average: 142.7537), the exchange rate shifted by +19.2628 (+13.49%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 138.8734 | 131.4289 | 136.0441 |
| February | 141.4575 | 133.5791 | 139.5293 |
| March | 141.6192 | 132.8420 | 137.2702 |
| April | 138.3662 | 134.1916 | 137.1657 |
| May | 141.1196 | 133.6031 | 136.8820 |
| June | 155.6021 | 136.4324 | 139.9296 |
| July | 156.7156 | 135.9496 | 141.5901 |
| August | 168.1809 | 142.8906 | 162.0165 |
| September | 164.1670 | 159.8755 | 162.1208 |
| October | 161.9097 | 158.5931 | 160.5146 |
| November | 160.1719 | 156.4495 | 158.3312 |
| December | 158.6749 | 155.8889 | 157.2525 |