YEARLY HIGH
0.0116 MYR
YEARLY LOW
0.0107 MYR
YEARLY AVERAGE
0.0112 MYR

2018 NGN to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.0116. Conversely, the yearly low was recorded on March 28, dropping to 0.0107.

This high-to-low spread represents a total annual volatility of 0.0009 MYR. From a start-to-finish perspective, comparing the January average rate of 0.0110 to the December average rate of 0.0115, the exchange rate registered a net change of 4.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0116 was down 21.13% compared to the 2017 peak of 0.0148, 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 11,633 MYR
2017 Average 12,957 MYR
Yearly Trough Low 10,717 MYR
Transaction Impact: A difference of 915.73 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0116
0.0107
JanuMarcMayJulySeptNove

NGN to MYR 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 0.0109, compared to 0.0114 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0109
H2 Avg (Jul–Dec) 0.0114

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 0.0006 MYR (High: 0.0113 / Low: 0.0108). On the other end, August was the most stable month, with a tight range of 0.0001 MYR (High: 0.0114 / Low: 0.0113).

January Spread (Volatile) ±0.0006
August Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0001 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 0.0115) against the same month in 2017 (average: 0.0116), the exchange rate shifted by -0.0001 (-0.76%).

2018 Avg (November) 0.0115
2017 Avg (November) 0.0116

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0113 0.0108 0.0110
February 0.0110 0.0108 0.0109
March 0.0109 0.0107 0.0108
April 0.0109 0.0107 0.0108
May 0.0112 0.0109 0.0110
June 0.0112 0.0110 0.0111
July 0.0113 0.0111 0.0112
August 0.0114 0.0113 0.0113
September 0.0115 0.0113 0.0114
October 0.0115 0.0114 0.0114
November 0.0116 0.0114 0.0115
December 0.0115 0.0113 0.0115