2018 NGN to MRO Historical Review

YEARLY HIGH

0.9932 MRO

YEARLY LOW

0.5722 MRO

YEARLY AVERAGE

0.9836 MRO

2018 NGN to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on September 6, valuing the pair at 0.9932. Conversely, the yearly low was recorded on October 7, dropping to 0.5722.

This high-to-low spread represents a total annual volatility of 0.4209 MRO. From a start-to-finish perspective, comparing the January average rate of 0.9854 to the December average rate of 0.9807, the exchange rate registered a net change of -0.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.9932 was down 16.06% compared to the 2017 peak of 1.1832, 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 993,157 MRO

2017 Average 1,083,139 MRO

Yearly Trough Low 572,215 MRO

Transaction Impact: A difference of 420,942.61 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.9911

0.9529

JanuMarcMayJulySeptNove

NGN to MRO 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 0.9870, compared to 0.9801 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0069 points.

H1 Avg (Jan–Jun) 0.9870

H2 Avg (Jul–Dec) 0.9801

Volatility Range Comparison

Volatility

The most volatile month in 2018 was October, with a trading range of 0.4135 MRO (High: 0.9858 / Low: 0.5722). On the other end, May was the most stable month, with a tight range of 0.0048 MRO (High: 0.9896 / Low: 0.9848).

October Spread (Volatile) ±0.4135

May Spread (Stable) ±0.0048

Growth Streaks & Declines

Trends

Between January and April, 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 0.0304 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0304

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 0.9864) against the same month in 2017 (average: 1.0186), the exchange rate shifted by -0.0322 (-3.16%).

2018 Avg (September) 0.9864

2017 Avg (September) 1.0186

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9886	0.9755	0.9854
February	0.9889	0.9833	0.9859
March	0.9899	0.9850	0.9875
April	0.9924	0.9801	0.9879
May	0.9896	0.9848	0.9877
June	0.9900	0.9848	0.9876
July	0.9916	0.9831	0.9873
August	0.9917	0.9830	0.9878
September	0.9932	0.9796	0.9864
October	0.9858	0.5722	0.9561
November	0.9897	0.9794	0.9822
December	0.9835	0.9761	0.9807