2018 NGN to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 NGN to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the NGN to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 19, valuing the pair at 3.3262. Conversely, the yearly low was recorded on November 17, dropping to 3.2476.
This high-to-low spread represents a total annual volatility of 0.0786 IQD. From a start-to-finish perspective, comparing the January average rate of 3.2998 to the December average rate of 3.2732, the exchange rate registered a net change of -0.81% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 3.3262 was down 14.60% compared to the 2017 peak of 3.8947, 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 IQD 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 3.2999, compared to 3.2874 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0125 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was November, with a trading range of 0.0599 IQD (High: 3.3075 / Low: 3.2476). On the other end, April was the most stable month, with a tight range of 0.0173 IQD (High: 3.3145 / Low: 3.2972).
Growth Streaks & Declines
TrendsBetween February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0146 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2018: 3.2998) against the same month in 2017 (average: 3.7717), the exchange rate shifted by -0.4719 (-12.51%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.3262 | 3.2768 | 3.2998 |
| February | 3.3067 | 3.2770 | 3.2897 |
| March | 3.3194 | 3.2816 | 3.2961 |
| April | 3.3145 | 3.2972 | 3.3051 |
| May | 3.3145 | 3.2909 | 3.3052 |
| June | 3.3167 | 3.2922 | 3.3036 |
| July | 3.3191 | 3.2961 | 3.3022 |
| August | 3.3126 | 3.2895 | 3.3002 |
| September | 3.3195 | 3.2765 | 3.2933 |
| October | 3.2875 | 3.2692 | 3.2787 |
| November | 3.3075 | 3.2476 | 3.2767 |
| December | 3.2885 | 3.2603 | 3.2732 |