2018 NGN to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 NGN to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the NGN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 121.8345. Conversely, the yearly low was recorded on January 10, dropping to 99.0278.
This high-to-low spread represents a total annual volatility of 22.8067 IRR. From a start-to-finish perspective, comparing the January average rate of 100.0814 to the December average rate of 116.0819, the exchange rate registered a net change of 15.99% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 121.8345 was up 14.12% compared to the 2017 peak of 106.7637, 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 IRR 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 106.9174, compared to 118.2113 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.2938 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was May, with a trading range of 13.2513 IRR (High: 117.1125 / Low: 103.8612). On the other end, April was the most stable month, with a tight range of 0.8127 IRR (High: 104.8255 / Low: 104.0127).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 2.1882 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2018: 120.0043) against the same month in 2017 (average: 92.1871), the exchange rate shifted by +27.8171 (+30.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 102.6397 | 99.0278 | 100.0814 |
| February | 103.3509 | 102.3981 | 102.8167 |
| March | 104.4756 | 103.4248 | 104.1163 |
| April | 104.8255 | 104.0127 | 104.2421 |
| May | 117.1125 | 103.8612 | 112.6655 |
| June | 118.3698 | 116.7997 | 117.5826 |
| July | 121.5160 | 118.3698 | 120.0099 |
| August | 121.8345 | 119.0169 | 120.0043 |
| September | 120.0837 | 118.6051 | 119.2197 |
| October | 118.6482 | 116.7457 | 117.0315 |
| November | 117.8162 | 116.5754 | 116.9202 |
| December | 116.9029 | 115.3562 | 116.0819 |