2018 MAD to NGN Historical Review

YEARLY HIGH

39.5114 NGN

YEARLY LOW

37.6173 NGN

YEARLY AVERAGE

38.4984 NGN

2018 MAD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 39.5114. Conversely, the yearly low was recorded on May 29, dropping to 37.6173.

This high-to-low spread represents a total annual volatility of 1.8942 NGN. From a start-to-finish perspective, comparing the January average rate of 38.9250 to the December average rate of 38.1624, the exchange rate registered a net change of -1.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 39.5114 was up 1.67% compared to the 2017 peak of 38.8607, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 197,557 NGN

2017 Average 172,360 NGN

Yearly Trough Low 188,086 NGN

Transaction Impact: A difference of 9,470.84 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

39.3518

37.8114

JanuMarcMayJulySeptNove

MAD 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 38.7664, compared to 38.2304 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5360 points.

H1 Avg (Jan–Jun) 38.7664

H2 Avg (Jul–Dec) 38.2304

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 1.0964 NGN (High: 38.7137 / Low: 37.6173). On the other end, March was the most stable month, with a tight range of 0.3492 NGN (High: 39.4238 / Low: 39.0746).

May Spread (Volatile) ±1.0964

March Spread (Stable) ±0.3492

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 0.8259 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.8259

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2018: 39.2234) against the same month in 2017 (average: 31.3301), the exchange rate shifted by +7.8933 (+25.19%).

2018 Avg (February) 39.2234

2017 Avg (February) 31.3301

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	39.3765	38.3666	38.9250
February	39.5114	38.9553	39.2234
March	39.4238	39.0746	39.2139
April	39.2942	38.7131	39.0611
May	38.7137	37.6173	38.2351
June	38.2914	37.6497	37.9398
July	38.3647	37.9190	38.1298
August	38.5613	37.6526	38.0729
September	38.9123	38.0543	38.4939
October	38.5814	38.0001	38.3113
November	38.4593	37.8866	38.2122
December	38.4508	37.7682	38.1624