2018 ISK to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 ISK to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the ISK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 27, valuing the pair at 3.6768. Conversely, the yearly low was recorded on November 27, dropping to 2.9048.
This high-to-low spread represents a total annual volatility of 0.7721 NGN. From a start-to-finish perspective, comparing the January average rate of 3.5063 to the December average rate of 3.0227, the exchange rate registered a net change of -13.79% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 3.6768 was up 4.77% compared to the 2017 peak of 3.5095, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ISK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
ISK 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 3.5253, compared to 3.1840 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3413 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was October, with a trading range of 0.2633 NGN (High: 3.2519 / Low: 2.9887). On the other end, February was the most stable month, with a tight range of 0.0881 NGN (High: 3.6086 / Low: 3.5204).
Growth Streaks & Declines
TrendsBetween January and March, 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 0.1750 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2018: 3.6203) against the same month in 2017 (average: 2.8746), the exchange rate shifted by +0.7457 (+25.94%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.5857 | 3.4247 | 3.5063 |
| February | 3.6086 | 3.5204 | 3.5708 |
| March | 3.6768 | 3.5751 | 3.6203 |
| April | 3.6602 | 3.5460 | 3.6122 |
| May | 3.5393 | 3.3793 | 3.4679 |
| June | 3.4525 | 3.2951 | 3.3742 |
| July | 3.4581 | 3.3575 | 3.3873 |
| August | 3.3965 | 3.2934 | 3.3539 |
| September | 3.3643 | 3.1941 | 3.2790 |
| October | 3.2519 | 2.9887 | 3.1040 |
| November | 3.0085 | 2.9048 | 2.9568 |
| December | 3.1374 | 2.9387 | 3.0227 |