2018 NGN to ETB Historical Review

YEARLY HIGH

0.0782 ETB

YEARLY LOW

0.0757 ETB

YEARLY AVERAGE

0.0766 ETB

2018 NGN to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0782. Conversely, the yearly low was recorded on July 25, dropping to 0.0757.

This high-to-low spread represents a total annual volatility of 0.0025 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0762 to the December average rate of 0.0775, the exchange rate registered a net change of 1.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0782 was up 1.82% compared to the 2017 peak of 0.0768, 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 78,159 ETB

2017 Average 71,887 ETB

Yearly Trough Low 75,658 ETB

Transaction Impact: A difference of 2,501.76 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0776

0.0761

JanuMarcMayJulySeptNove

NGN to ETB 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 0.0764, compared to 0.0768 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0764

H2 Avg (Jul–Dec) 0.0768

Volatility Range Comparison

Volatility

The most volatile month in 2018 was December, with a trading range of 0.0018 ETB (High: 0.0782 / Low: 0.0763). On the other end, May was the most stable month, with a tight range of 0.0003 ETB (High: 0.0766 / Low: 0.0762).

December Spread (Volatile) ±0.0018

May Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between January and June, 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 June and July, when the average rate fell by 0.0000 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 0.0775) against the same month in 2017 (average: 0.0760), the exchange rate shifted by +0.0014 (+1.87%).

2018 Avg (December) 0.0775

2017 Avg (December) 0.0760

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0766	0.0758	0.0762
February	0.0765	0.0759	0.0763
March	0.0766	0.0761	0.0764
April	0.0767	0.0761	0.0764
May	0.0766	0.0762	0.0764
June	0.0767	0.0759	0.0765
July	0.0770	0.0757	0.0765
August	0.0770	0.0762	0.0766
September	0.0771	0.0760	0.0766
October	0.0774	0.0759	0.0767
November	0.0775	0.0760	0.0770
December	0.0782	0.0763	0.0775