2018 GMD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 GMD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the GMD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 7.6569. Conversely, the yearly low was recorded on November 22, dropping to 7.2848.
This high-to-low spread represents a total annual volatility of 0.3721 NGN. From a start-to-finish perspective, comparing the January average rate of 7.5037 to the December average rate of 7.3588, the exchange rate registered a net change of -1.93% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 7.6569 was down 4.97% compared to the 2017 peak of 8.0574, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
GMD 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 7.6035, compared to 7.4270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1765 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was January, with a trading range of 0.2144 NGN (High: 7.6112 / Low: 7.3968). On the other end, May was the most stable month, with a tight range of 0.0326 NGN (High: 7.6548 / Low: 7.6222).
Growth Streaks & Declines
TrendsBetween March and May, 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 0.1173 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2018: 7.6338) against the same month in 2017 (average: 6.9233), the exchange rate shifted by +0.7105 (+10.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.6112 | 7.3968 | 7.5037 |
| February | 7.6530 | 7.5131 | 7.6152 |
| March | 7.6468 | 7.5553 | 7.6125 |
| April | 7.6371 | 7.5901 | 7.6199 |
| May | 7.6548 | 7.6222 | 7.6361 |
| June | 7.6569 | 7.6150 | 7.6338 |
| July | 7.6418 | 7.4720 | 7.5603 |
| August | 7.5397 | 7.4708 | 7.5050 |
| September | 7.5559 | 7.3537 | 7.4600 |
| October | 7.3893 | 7.3160 | 7.3426 |
| November | 7.3543 | 7.2848 | 7.3355 |
| December | 7.3931 | 7.3259 | 7.3588 |