2018 MZN to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 MZN to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the MZN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 9, valuing the pair at 6.2469. Conversely, the yearly low was recorded on March 19, dropping to 5.7976.
This high-to-low spread represents a total annual volatility of 0.4494 NGN. From a start-to-finish perspective, comparing the January average rate of 6.0962 to the December average rate of 5.9673, the exchange rate registered a net change of -2.11% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 6.2469 was up 2.25% compared to the 2017 peak of 6.1096, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
MZN 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 5.9656, compared to 6.0305 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0649 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was August, with a trading range of 0.2122 NGN (High: 6.2469 / Low: 6.0347). On the other end, October was the most stable month, with a tight range of 0.0412 NGN (High: 6.0150 / Low: 5.9739).
Growth Streaks & Declines
TrendsBetween March and August, 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 January and February, when the average rate fell by 0.1797 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2018: 6.1494) against the same month in 2017 (average: 5.8420), the exchange rate shifted by +0.3075 (+5.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.1677 | 5.9813 | 6.0962 |
| February | 5.9672 | 5.8829 | 5.9165 |
| March | 5.9021 | 5.7976 | 5.8205 |
| April | 6.0327 | 5.8657 | 5.9303 |
| May | 6.0345 | 5.9493 | 5.9839 |
| June | 6.0845 | 6.0053 | 6.0460 |
| July | 6.2183 | 6.0117 | 6.1126 |
| August | 6.2469 | 6.0347 | 6.1494 |
| September | 6.0511 | 5.9599 | 5.9868 |
| October | 6.0150 | 5.9739 | 5.9955 |
| November | 6.0305 | 5.8876 | 5.9715 |
| December | 6.0373 | 5.8928 | 5.9673 |