YEARLY HIGH
106.0004 NGN
YEARLY LOW
80.5629 NGN
YEARLY AVERAGE
91.5807 NGN

2017 TRY to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the TRY to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 10, valuing the pair at 106.0004. Conversely, the yearly low was recorded on January 31, dropping to 80.5629.

This high-to-low spread represents a total annual volatility of 25.4375 NGN. From a start-to-finish perspective, comparing the January average rate of 83.7156 to the December average rate of 93.7329, the exchange rate registered a net change of 11.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 106.0004 was down 10.48% compared to the 2016 peak of 118.4061, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 5,300,018 NGN
2016 Average 4,244,029 NGN
Yearly Trough Low 4,028,144 NGN
Transaction Impact: A difference of 1,271,874.06 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

105.3363
81.7501
JanuMarcMayJulySeptNove

TRY 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 86.8303, compared to 96.3310 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.5008 points.

H1 Avg (Jan–Jun) 86.8303
H2 Avg (Jul–Dec) 96.3310

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 15.6318 NGN (High: 104.5984 / Low: 88.9665). On the other end, December was the most stable month, with a tight range of 3.5458 NGN (High: 95.2041 / Low: 91.6583).

August Spread (Volatile) ±15.6318
December Spread (Stable) ±3.5458

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 September and October, when the average rate fell by 5.7197 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -5.7197

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2017: 103.3708) against the same month in 2016 (average: 105.4787), the exchange rate shifted by -2.1079 (-2.00%).

2017 Avg (September) 103.3708
2016 Avg (September) 105.4787

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 89.0503 80.5629 83.7156
February 88.5766 81.0542 86.1073
March 87.7210 83.1875 85.4741
April 89.0840 82.5346 86.3433
May 91.3894 87.0550 88.8779
June 99.7795 88.2666 90.4633
July 99.4793 86.6370 89.0484
August 104.5984 88.9665 101.8221
September 106.0004 99.9086 103.3708
October 100.6453 93.8680 97.6511
November 94.6629 90.6889 92.3610
December 95.2041 91.6583 93.7329