YEARLY HIGH
0.0037 CAD
YEARLY LOW
0.0034 CAD
YEARLY AVERAGE
0.0036 CAD

2018 NGN to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0037. Conversely, the yearly low was recorded on February 1, dropping to 0.0034.

This high-to-low spread represents a total annual volatility of 0.0003 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0035 to the December average rate of 0.0037, the exchange rate registered a net change of 7.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0037 was down 14.15% compared to the 2017 peak of 0.0044, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 3,746 CAD
2017 Average 3,912 CAD
Yearly Trough Low 3,405 CAD
Transaction Impact: A difference of 340.90 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0037
0.0034
JanuMarcMayJulySeptNove

NGN to CAD 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 0.0035, compared to 0.0036 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0035
H2 Avg (Jul–Dec) 0.0036

Volatility Range Comparison

Volatility

The most volatile month in 2018 was February, with a trading range of 0.0002 CAD (High: 0.0036 / Low: 0.0034). On the other end, November was the most stable month, with a tight range of 0.0001 CAD (High: 0.0037 / Low: 0.0036).

February Spread (Volatile) ±0.0002
November Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between 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 March and April, when the average rate fell by 0.0000 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 0.0037) against the same month in 2017 (average: 0.0035), the exchange rate shifted by +0.0001 (+4.20%).

2018 Avg (December) 0.0037
2017 Avg (December) 0.0035

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0035 0.0034 0.0035
February 0.0036 0.0034 0.0035
March 0.0036 0.0036 0.0036
April 0.0036 0.0035 0.0035
May 0.0036 0.0035 0.0036
June 0.0037 0.0036 0.0036
July 0.0037 0.0036 0.0036
August 0.0037 0.0036 0.0036
September 0.0037 0.0035 0.0036
October 0.0036 0.0035 0.0036
November 0.0037 0.0036 0.0036
December 0.0037 0.0036 0.0037