2018 CVE to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 CVE to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the CVE to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 4.0704. Conversely, the yearly low was recorded on August 14, dropping to 3.6955.
This high-to-low spread represents a total annual volatility of 0.3749 NGN. From a start-to-finish perspective, comparing the January average rate of 3.9669 to the December average rate of 3.7464, the exchange rate registered a net change of -5.56% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 4.0704 was up 3.51% compared to the 2017 peak of 3.9323, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CVE based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
CVE 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 3.9417, compared to 3.7769 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1648 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was January, with a trading range of 0.1942 NGN (High: 4.0704 / Low: 3.8762). On the other end, November was the most stable month, with a tight range of 0.0646 NGN (High: 3.7679 / Low: 3.7033).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2018. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1330 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2018: 3.9669) against the same month in 2017 (average: 3.0130), the exchange rate shifted by +0.9539 (+31.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.0704 | 3.8762 | 3.9669 |
| February | 4.0658 | 3.9780 | 4.0216 |
| March | 4.0512 | 3.9727 | 4.0135 |
| April | 4.0278 | 3.9279 | 3.9894 |
| May | 3.9233 | 3.7741 | 3.8564 |
| June | 3.8615 | 3.7648 | 3.8024 |
| July | 3.8446 | 3.7762 | 3.8129 |
| August | 3.8306 | 3.6955 | 3.7697 |
| September | 3.8684 | 3.7690 | 3.8189 |
| October | 3.8176 | 3.7172 | 3.7730 |
| November | 3.7679 | 3.7033 | 3.7404 |
| December | 3.7748 | 3.6984 | 3.7464 |