2018 ETB to NGN Historical Review

YEARLY HIGH

13.2174 NGN

YEARLY LOW

12.7944 NGN

YEARLY AVERAGE

13.0586 NGN

2018 ETB to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the ETB to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 25, valuing the pair at 13.2174. Conversely, the yearly low was recorded on December 28, dropping to 12.7944.

This high-to-low spread represents a total annual volatility of 0.4231 NGN. From a start-to-finish perspective, comparing the January average rate of 13.1190 to the December average rate of 12.9099, the exchange rate registered a net change of -1.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 13.2174 was down 15.83% compared to the 2017 peak of 15.7030, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 66,087 NGN

2017 Average 69,745 NGN

Yearly Trough Low 63,972 NGN

Transaction Impact: A difference of 2,115.35 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

13.1399

12.8890

JanuMarcMayJulySeptNove

ETB 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 13.0966, compared to 13.0207 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0759 points.

H1 Avg (Jan–Jun) 13.0966

H2 Avg (Jul–Dec) 13.0207

Volatility Range Comparison

Volatility

The most volatile month in 2018 was December, with a trading range of 0.3100 NGN (High: 13.1044 / Low: 12.7944). On the other end, May was the most stable month, with a tight range of 0.0593 NGN (High: 13.1225 / Low: 13.0632).

December Spread (Volatile) ±0.3100

May Spread (Stable) ±0.0593

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 November and December, when the average rate fell by 0.0722 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0722

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2018: 13.0801) against the same month in 2017 (average: 13.6301), the exchange rate shifted by -0.5500 (-4.04%).

2018 Avg (July) 13.0801

2017 Avg (July) 13.6301

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.2000	13.0506	13.1190
February	13.1738	13.0634	13.1079
March	13.1358	13.0577	13.0969
April	13.1386	13.0305	13.0947
May	13.1225	13.0632	13.0884
June	13.1668	13.0352	13.0724
July	13.2174	12.9800	13.0801
August	13.1148	12.9887	13.0619
September	13.1638	12.9696	13.0580
October	13.1675	12.9181	13.0323
November	13.1603	12.9041	12.9821
December	13.1044	12.7944	12.9099