YEARLY HIGH
0.4478 LRD
YEARLY LOW
0.3374 LRD
YEARLY AVERAGE
0.3983 LRD

2018 NGN to LRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.4478. Conversely, the yearly low was recorded on February 1, dropping to 0.3374.

This high-to-low spread represents a total annual volatility of 0.1104 LRD. From a start-to-finish perspective, comparing the January average rate of 0.3523 to the December average rate of 0.4329, the exchange rate registered a net change of 22.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.4478 was up 27.85% compared to the 2017 peak of 0.3502, 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 447,784 LRD
2017 Average 311,997 LRD
Yearly Trough Low 337,400 LRD
Transaction Impact: A difference of 110,383.49 LRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.4424
0.3419
JanuMarcMayJulySeptNove

NGN to LRD 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 0.3663, compared to 0.4302 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0639 points.

H1 Avg (Jan–Jun) 0.3663
H2 Avg (Jul–Dec) 0.4302

Volatility Range Comparison

Volatility

The most volatile month in 2018 was June, with a trading range of 0.0334 LRD (High: 0.4164 / Low: 0.3830). On the other end, March was the most stable month, with a tight range of 0.0039 LRD (High: 0.3656 / Low: 0.3617).

June Spread (Volatile) ±0.0334
March Spread (Stable) ±0.0039

Growth Streaks & Declines

Trends

Between February and July, 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 July and August, when the average rate fell by 0.0054 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0054

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2018: 0.4305) against the same month in 2017 (average: 0.2931), the exchange rate shifted by +0.1373 (+46.86%).

2018 Avg (July) 0.4305
2017 Avg (July) 0.2931

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.3586 0.3408 0.3523
February 0.3623 0.3374 0.3503
March 0.3656 0.3617 0.3640
April 0.3669 0.3623 0.3643
May 0.3841 0.3636 0.3717
June 0.4164 0.3830 0.3954
July 0.4478 0.4165 0.4305
August 0.4281 0.4196 0.4251
September 0.4411 0.4253 0.4276
October 0.4324 0.4277 0.4312
November 0.4380 0.4312 0.4340
December 0.4348 0.4304 0.4329