2017 ZAR to NGN Historical Review

YEARLY HIGH

29.3145 NGN

YEARLY LOW

22.2116 NGN

YEARLY AVERAGE

25.0822 NGN

2017 ZAR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the ZAR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 29.3145. Conversely, the yearly low was recorded on January 9, dropping to 22.2116.

This high-to-low spread represents a total annual volatility of 7.1028 NGN. From a start-to-finish perspective, comparing the January average rate of 23.0558 to the December average rate of 27.5301, the exchange rate registered a net change of 19.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 29.3145 was up 14.25% compared to the 2016 peak of 25.6575, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,465,723 NGN

2016 Average 888,412 NGN

Yearly Trough Low 1,110,582 NGN

Transaction Impact: A difference of 355,140.72 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

27.9775

22.6084

JanuMarcMayJulySeptNove

ZAR 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 23.8923, compared to 26.2721 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.3798 points.

H1 Avg (Jan–Jun) 23.8923

H2 Avg (Jul–Dec) 26.2721

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 4.0877 NGN (High: 27.6376 / Low: 23.5499). On the other end, November was the most stable month, with a tight range of 1.5793 NGN (High: 26.4181 / Low: 24.8388).

August Spread (Volatile) ±4.0877

November Spread (Stable) ±1.5793

Growth Streaks & Declines

Trends

Between January and March, 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 September and October, when the average rate fell by 1.0350 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.0350

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 27.5301) against the same month in 2016 (average: 22.7120), the exchange rate shifted by +4.8181 (+21.21%).

2017 Avg (December) 27.5301

2016 Avg (December) 22.7120

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.8251	22.2116	23.0558
February	24.5624	22.7143	23.9302
March	25.4730	22.9447	24.2950
April	24.3358	22.3733	23.4597
May	25.1878	23.1361	23.9247
June	27.0833	23.9778	24.6887
July	27.0975	23.1401	24.1276
August	27.6376	23.5499	26.9640
September	28.0816	26.3228	27.2658
October	27.1504	25.1752	26.2308
November	26.4181	24.8388	25.5145
December	29.3145	26.1477	27.5301