2018 CAD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 CAD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the CAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 293.6754. Conversely, the yearly low was recorded on December 28, dropping to 266.9502.
This high-to-low spread represents a total annual volatility of 26.7252 NGN. From a start-to-finish perspective, comparing the January average rate of 289.7199 to the December average rate of 270.6658, the exchange rate registered a net change of -6.58% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 293.6754 was down 1.53% compared to the 2017 peak of 298.2247, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
CAD 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 281.9629, compared to 275.7386 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.2243 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was February, with a trading range of 12.4253 NGN (High: 293.6754 / Low: 281.2501). On the other end, November was the most stable month, with a tight range of 4.0179 NGN (High: 277.4543 / Low: 273.4364).
Growth Streaks & Declines
TrendsBetween June and October, 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 8.0713 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2018: 286.6608) against the same month in 2017 (average: 240.5795), the exchange rate shifted by +46.0813 (+19.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 292.4828 | 285.5203 | 289.7199 |
| February | 293.6754 | 281.2501 | 286.6608 |
| March | 281.1583 | 274.7777 | 278.5895 |
| April | 286.6776 | 278.7841 | 282.4217 |
| May | 282.1226 | 276.1891 | 279.7986 |
| June | 279.1499 | 269.8305 | 274.5872 |
| July | 277.1922 | 272.6869 | 274.6694 |
| August | 280.3158 | 273.7569 | 276.7625 |
| September | 283.4282 | 272.9886 | 277.9410 |
| October | 283.9152 | 276.3383 | 278.9475 |
| November | 277.4543 | 273.4364 | 275.4456 |
| December | 275.4251 | 266.9502 | 270.6658 |