2018 NGN to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
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.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
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)
SeasonalThe 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.
Volatility Range Comparison
VolatilityThe 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).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing 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%).
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 |