YEARLY HIGH
4.5878 CDF
YEARLY LOW
4.3420 CDF
YEARLY AVERAGE
4.4821 CDF

2018 NGN to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 24, valuing the pair at 4.5878. Conversely, the yearly low was recorded on July 28, dropping to 4.3420.

This high-to-low spread represents a total annual volatility of 0.2459 CDF. From a start-to-finish perspective, comparing the January average rate of 4.4461 to the December average rate of 4.4659, the exchange rate registered a net change of 0.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 4.5878 was down 13.60% compared to the 2017 peak of 5.3098, 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 4,587,843 CDF
2017 Average 4,369,627 CDF
Yearly Trough Low 4,341,978 CDF
Transaction Impact: A difference of 245,865.61 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

4.5239
4.4390
JanuMarcMayJulySeptNove

NGN to CDF 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 4.4762, compared to 4.4880 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0118 points.

H1 Avg (Jan–Jun) 4.4762
H2 Avg (Jul–Dec) 4.4880

Volatility Range Comparison

Volatility

The most volatile month in 2018 was July, with a trading range of 0.2459 CDF (High: 4.5878 / Low: 4.3420). On the other end, June was the most stable month, with a tight range of 0.0152 CDF (High: 4.4889 / Low: 4.4737).

July Spread (Volatile) ±0.2459
June Spread (Stable) ±0.0152

Growth Streaks & Declines

Trends

Between June and September, 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 September and October, when the average rate fell by 0.0359 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0359

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2018: 4.4932) against the same month in 2017 (average: 4.9161), the exchange rate shifted by -0.4230 (-8.60%).

2018 Avg (July) 4.4932
2017 Avg (July) 4.9161

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 4.4837 4.3593 4.4461
February 4.5139 4.4383 4.4681
March 4.5046 4.4677 4.4901
April 4.4983 4.4782 4.4876
May 4.4951 4.4765 4.4833
June 4.4889 4.4737 4.4822
July 4.5878 4.3420 4.4932
August 4.5409 4.4736 4.5055
September 4.5675 4.4766 4.5168
October 4.5248 4.4353 4.4809
November 4.5576 4.4170 4.4656
December 4.5133 4.4021 4.4659