YEARLY HIGH
60.5067 NGN
YEARLY LOW
54.6731 NGN
YEARLY AVERAGE
57.2582 NGN

2018 DKK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the DKK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 60.5067. Conversely, the yearly low was recorded on November 12, dropping to 54.6731.

This high-to-low spread represents a total annual volatility of 5.8336 NGN. From a start-to-finish perspective, comparing the January average rate of 59.0150 to the December average rate of 55.4709, the exchange rate registered a net change of -6.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 60.5067 was up 3.48% compared to the 2017 peak of 58.4709, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 DKK based on timing:

Yearly Peak High 302,534 NGN
2017 Average 254,172 NGN
Yearly Trough Low 273,366 NGN
Transaction Impact: A difference of 29,168.01 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

60.2157
54.9284
JanuMarcMayJulySeptNove

DKK 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 58.5527, compared to 55.9637 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.5891 points.

H1 Avg (Jan–Jun) 58.5527
H2 Avg (Jul–Dec) 55.9637

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 2.4614 NGN (High: 60.1169 / Low: 57.6555). On the other end, July was the most stable month, with a tight range of 0.6673 NGN (High: 56.9407 / Low: 56.2734).

January Spread (Volatile) ±2.4614
July Spread (Stable) ±0.6673

Growth Streaks & Declines

Trends

No 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 2.1357 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -2.1357

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2018: 59.7751) against the same month in 2017 (average: 45.1171), the exchange rate shifted by +14.6580 (+32.49%).

2018 Avg (February) 59.7751
2017 Avg (February) 45.1171

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 60.1169 57.6555 59.0150
February 60.5067 59.1018 59.7751
March 60.2065 59.1930 59.6317
April 59.8596 58.3354 59.2871
May 58.0359 55.7944 57.1513
June 57.1120 55.8241 56.4562
July 56.9407 56.2734 56.5759
August 56.8021 54.8722 55.8691
September 57.3471 55.7389 56.5540
October 56.5106 55.1533 55.9431
November 55.7793 54.6731 55.3690
December 55.9787 54.9671 55.4709