2018 NGN to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 NGN to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the NGN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 5.0275. Conversely, the yearly low was recorded on November 17, dropping to 4.8523.
This high-to-low spread represents a total annual volatility of 0.1753 BIF. From a start-to-finish perspective, comparing the January average rate of 4.8956 to the December average rate of 4.9656, the exchange rate registered a net change of 1.43% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 5.0275 was down 10.94% compared to the 2017 peak of 5.6449, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
NGN to BIF 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 4.9102, compared to 4.9303 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0201 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was November, with a trading range of 0.1546 BIF (High: 5.0069 / Low: 4.8523). On the other end, September was the most stable month, with a tight range of 0.0503 BIF (High: 4.9253 / Low: 4.8750).
Growth Streaks & Declines
TrendsBetween January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0137 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2018: 4.9656) against the same month in 2017 (average: 4.8883), the exchange rate shifted by +0.0773 (+1.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.9263 | 4.8726 | 4.8956 |
| February | 4.9333 | 4.8736 | 4.8961 |
| March | 4.9472 | 4.8757 | 4.9045 |
| April | 4.9631 | 4.8928 | 4.9238 |
| May | 4.9653 | 4.8833 | 4.9190 |
| June | 4.9597 | 4.8634 | 4.9224 |
| July | 4.9718 | 4.8703 | 4.9117 |
| August | 4.9542 | 4.8888 | 4.9180 |
| September | 4.9253 | 4.8750 | 4.9042 |
| October | 5.0014 | 4.8811 | 4.9305 |
| November | 5.0069 | 4.8523 | 4.9517 |
| December | 5.0275 | 4.8993 | 4.9656 |