2018 NGN to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 NGN to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the NGN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 25.3306. Conversely, the yearly low was recorded on November 17, dropping to 24.7169.
This high-to-low spread represents a total annual volatility of 0.6137 GNF. From a start-to-finish perspective, comparing the January average rate of 25.0128 to the December average rate of 25.1501, the exchange rate registered a net change of 0.55% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 25.3306 was down 18.24% compared to the 2017 peak of 30.9802, 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 GNF 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 25.0307, compared to 25.0677 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0370 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was November, with a trading range of 0.5659 GNF (High: 25.2828 / Low: 24.7169). On the other end, June was the most stable month, with a tight range of 0.0774 GNF (High: 25.1120 / Low: 25.0346).
Growth Streaks & Declines
TrendsBetween February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0420 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2018: 25.1501) against the same month in 2017 (average: 25.0666), the exchange rate shifted by +0.0834 (+0.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.1274 | 24.8611 | 25.0128 |
| February | 25.0385 | 24.9307 | 24.9868 |
| March | 25.0741 | 24.9636 | 25.0115 |
| April | 25.0987 | 24.9350 | 25.0666 |
| May | 25.0892 | 24.9307 | 25.0332 |
| June | 25.1120 | 25.0346 | 25.0733 |
| July | 25.3184 | 24.9445 | 25.0946 |
| August | 25.2427 | 24.7500 | 25.0610 |
| September | 25.1793 | 24.8692 | 25.0388 |
| October | 25.1377 | 24.8692 | 24.9969 |
| November | 25.2828 | 24.7169 | 25.0648 |
| December | 25.3306 | 24.9449 | 25.1501 |