2018 NGN to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 NGN to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the NGN to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 9.0722. Conversely, the yearly low was recorded on April 15, dropping to 7.5130.
This high-to-low spread represents a total annual volatility of 1.5592 COP. From a start-to-finish perspective, comparing the January average rate of 7.9657 to the December average rate of 8.8542, the exchange rate registered a net change of 11.15% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 9.0722 was down 8.46% compared to the 2017 peak of 9.9105, 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 COP 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 7.9164, compared to 8.4484 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5320 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was October, with a trading range of 0.6759 COP (High: 8.8421 / Low: 8.1663). On the other end, February was the most stable month, with a tight range of 0.2449 COP (High: 8.0584 / Low: 7.8134).
Growth Streaks & Declines
TrendsBetween July and December, 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 March and April, when the average rate fell by 0.1785 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2018: 8.8542) against the same month in 2017 (average: 8.3079), the exchange rate shifted by +0.5463 (+6.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.3471 | 7.8137 | 7.9657 |
| February | 8.0584 | 7.8134 | 7.9488 |
| March | 8.0477 | 7.7347 | 7.8944 |
| April | 7.8462 | 7.5130 | 7.7160 |
| May | 8.0753 | 7.8131 | 7.9548 |
| June | 8.2002 | 7.8046 | 8.0187 |
| July | 8.1380 | 7.8837 | 7.9844 |
| August | 8.4427 | 8.0101 | 8.1983 |
| September | 8.6247 | 8.1895 | 8.3838 |
| October | 8.8421 | 8.1663 | 8.4923 |
| November | 8.9422 | 8.6408 | 8.7775 |
| December | 9.0722 | 8.6555 | 8.8542 |