YEARLY HIGH
42.2048 IDR
YEARLY LOW
36.9685 IDR
YEARLY AVERAGE
39.2002 IDR

2018 NGN to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 42.2048. Conversely, the yearly low was recorded on January 28, dropping to 36.9685.

This high-to-low spread represents a total annual volatility of 5.2363 IDR. From a start-to-finish perspective, comparing the January average rate of 37.2382 to the December average rate of 39.8825, the exchange rate registered a net change of 7.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 42.2048 was down 4.08% compared to the 2017 peak of 43.9988, 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 42,204,826 IDR
2017 Average 40,254,140 IDR
Yearly Trough Low 36,968,519 IDR
Transaction Impact: A difference of 5,236,307.36 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

42.2623
36.7814
JanuMarcMayJulySeptNove

NGN to IDR 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 38.2119, compared to 40.1884 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9765 points.

H1 Avg (Jan–Jun) 38.2119
H2 Avg (Jul–Dec) 40.1884

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 2.2806 IDR (High: 41.6515 / Low: 39.3709). On the other end, August was the most stable month, with a tight range of 0.2419 IDR (High: 39.8214 / Low: 39.5795).

November Spread (Volatile) ±2.2806
August Spread (Stable) ±0.2419

Growth Streaks & Declines

Trends

Between January and May, 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 October and November, when the average rate fell by 1.4446 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -1.4446

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2018: 41.8056) against the same month in 2017 (average: 37.6314), the exchange rate shifted by +4.1742 (+11.09%).

2018 Avg (October) 41.8056
2017 Avg (October) 37.6314

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 37.8319 36.9685 37.2382
February 38.0152 37.2514 37.6778
March 38.3219 38.0730 38.2079
April 38.5637 38.2148 38.3564
May 39.3463 38.6065 38.9728
June 39.5104 38.3906 38.8183
July 39.8735 39.4549 39.5873
August 39.8214 39.5795 39.7034
September 40.1150 39.5819 39.7908
October 42.2048 40.0852 41.8056
November 41.6515 39.3709 40.3610
December 40.1788 39.1840 39.8825