YEARLY HIGH
0.0183 DKK
YEARLY LOW
0.0165 DKK
YEARLY AVERAGE
0.0175 DKK

2018 NGN to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 0.0183. Conversely, the yearly low was recorded on February 1, dropping to 0.0165.

This high-to-low spread represents a total annual volatility of 0.0018 DKK. From a start-to-finish perspective, comparing the January average rate of 0.0169 to the December average rate of 0.0180, the exchange rate registered a net change of 6.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0183 was down 20.94% compared to the 2017 peak of 0.0231, 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 18,291 DKK
2017 Average 19,896 DKK
Yearly Trough Low 16,527 DKK
Transaction Impact: A difference of 1,763.43 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0182
0.0166
JanuMarcMayJulySeptNove

NGN to DKK 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 0.0171, compared to 0.0179 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0171
H2 Avg (Jul–Dec) 0.0179

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 0.0007 DKK (High: 0.0173 / Low: 0.0166). On the other end, July was the most stable month, with a tight range of 0.0002 DKK (High: 0.0178 / Low: 0.0176).

January Spread (Volatile) ±0.0007
July Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0002 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 0.0181) against the same month in 2017 (average: 0.0176), the exchange rate shifted by +0.0004 (+2.46%).

2018 Avg (November) 0.0181
2017 Avg (November) 0.0176

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0173 0.0166 0.0169
February 0.0169 0.0165 0.0167
March 0.0169 0.0166 0.0168
April 0.0171 0.0167 0.0169
May 0.0179 0.0172 0.0175
June 0.0179 0.0175 0.0177
July 0.0178 0.0176 0.0177
August 0.0182 0.0176 0.0179
September 0.0179 0.0174 0.0177
October 0.0181 0.0177 0.0179
November 0.0183 0.0179 0.0181
December 0.0182 0.0179 0.0180