2018 NGN to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 NGN to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the NGN to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 22, valuing the pair at 4.4864. Conversely, the yearly low was recorded on April 18, dropping to 3.6680.
This high-to-low spread represents a total annual volatility of 0.8185 MMK. From a start-to-finish perspective, comparing the January average rate of 3.7352 to the December average rate of 4.3031, the exchange rate registered a net change of 15.21% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 4.4864 was up 0.15% compared to the 2017 peak of 4.4797, 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 MMK 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 3.7348, compared to 4.2461 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5112 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was September, with a trading range of 0.2945 MMK (High: 4.4864 / Low: 4.1920). On the other end, March was the most stable month, with a tight range of 0.0229 MMK (High: 3.7250 / Low: 3.7021).
Growth Streaks & Declines
TrendsBetween April and September, 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 November and December, when the average rate fell by 0.0935 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2018: 4.3312) against the same month in 2017 (average: 3.7947), the exchange rate shifted by +0.5365 (+14.14%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.7699 | 3.6958 | 3.7352 |
| February | 3.7257 | 3.6696 | 3.6977 |
| March | 3.7250 | 3.7021 | 3.7127 |
| April | 3.7501 | 3.6680 | 3.7040 |
| May | 3.7639 | 3.7114 | 3.7495 |
| June | 3.9425 | 3.7420 | 3.8100 |
| July | 4.0414 | 3.9023 | 3.9634 |
| August | 4.2805 | 4.0378 | 4.1523 |
| September | 4.4864 | 4.1920 | 4.3312 |
| October | 4.4297 | 4.1917 | 4.3298 |
| November | 4.4301 | 4.3601 | 4.3966 |
| December | 4.3600 | 4.2386 | 4.3031 |