YEARLY HIGH
0.0395 SCR
YEARLY LOW
0.0368 SCR
YEARLY AVERAGE
0.0377 SCR

2018 NGN to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 0.0395. Conversely, the yearly low was recorded on February 5, dropping to 0.0368.

This high-to-low spread represents a total annual volatility of 0.0027 SCR. From a start-to-finish perspective, comparing the January average rate of 0.0386 to the December average rate of 0.0376, the exchange rate registered a net change of -2.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0395 was down 12.18% compared to the 2017 peak of 0.0450, 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 39,539 SCR
2017 Average 40,853 SCR
Yearly Trough Low 36,815 SCR
Transaction Impact: A difference of 2,724.10 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0388
0.0373
JanuMarcMayJulySeptNove

NGN to SCR 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 0.0378, compared to 0.0376 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0378
H2 Avg (Jul–Dec) 0.0376

Volatility Range Comparison

Volatility

The most volatile month in 2018 was September, with a trading range of 0.0022 SCR (High: 0.0395 / Low: 0.0374). On the other end, July was the most stable month, with a tight range of 0.0003 SCR (High: 0.0377 / Low: 0.0374).

September Spread (Volatile) ±0.0022
July Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between 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 January and February, when the average rate fell by 0.0009 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 0.0377) against the same month in 2017 (average: 0.0380), the exchange rate shifted by -0.0003 (-0.77%).

2018 Avg (September) 0.0377
2017 Avg (September) 0.0380

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0393 0.0380 0.0386
February 0.0389 0.0368 0.0378
March 0.0391 0.0373 0.0379
April 0.0382 0.0373 0.0374
May 0.0390 0.0373 0.0375
June 0.0377 0.0372 0.0375
July 0.0377 0.0374 0.0376
August 0.0378 0.0375 0.0376
September 0.0395 0.0374 0.0377
October 0.0382 0.0374 0.0376
November 0.0379 0.0374 0.0376
December 0.0383 0.0373 0.0376