2017 TRY to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
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.
Comparing the value generated converting 50,000 TRY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
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)
SeasonalThe 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.
Volatility Range Comparison
VolatilityThe 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).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing 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%).
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 |