2018 MVR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 MVR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the MVR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 1, valuing the pair at 23.6722. Conversely, the yearly low was recorded on May 20, dropping to 23.0929.
This high-to-low spread represents a total annual volatility of 0.5793 NGN. From a start-to-finish perspective, comparing the January average rate of 23.3807 to the December average rate of 23.5537, the exchange rate registered a net change of 0.74% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 23.6722 was down 7.66% compared to the 2017 peak of 25.6365, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
MVR 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 23.3204, compared to 23.4759 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1556 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was September, with a trading range of 0.3815 NGN (High: 23.6325 / Low: 23.2510). On the other end, March was the most stable month, with a tight range of 0.1048 NGN (High: 23.3764 / Low: 23.2716).
Growth Streaks & Declines
TrendsBetween May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0938 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2018: 23.5537) against the same month in 2017 (average: 23.3550), the exchange rate shifted by +0.1986 (+0.85%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.5104 | 23.2514 | 23.3807 |
| February | 23.4275 | 23.2859 | 23.3535 |
| March | 23.3764 | 23.2716 | 23.3114 |
| April | 23.3776 | 23.1207 | 23.3241 |
| May | 23.3399 | 23.0929 | 23.2303 |
| June | 23.4014 | 23.2095 | 23.3222 |
| July | 23.4772 | 23.1932 | 23.3753 |
| August | 23.4743 | 23.3182 | 23.3883 |
| September | 23.6325 | 23.2510 | 23.4770 |
| October | 23.6077 | 23.4256 | 23.5430 |
| November | 23.5928 | 23.3315 | 23.5182 |
| December | 23.6722 | 23.4875 | 23.5537 |