YEARLY HIGH
0.0038 SGD
YEARLY LOW
0.0036 SGD
YEARLY AVERAGE
0.0037 SGD

2018 NGN to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 0.0038. Conversely, the yearly low was recorded on January 28, dropping to 0.0036.

This high-to-low spread represents a total annual volatility of 0.0002 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0037 to the December average rate of 0.0038, the exchange rate registered a net change of 2.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0038 was down 18.93% compared to the 2017 peak of 0.0047, 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 3,832 SGD
2017 Average 4,159 SGD
Yearly Trough Low 3,629 SGD
Transaction Impact: A difference of 203.17 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0038
0.0036
JanuMarcMayJulySeptNove

NGN to SGD 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 0.0037, compared to 0.0038 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0037
H2 Avg (Jul–Dec) 0.0038

Volatility Range Comparison

Volatility

The most volatile month in 2018 was June, with a trading range of 0.0001 SGD (High: 0.0038 / Low: 0.0037). On the other end, March was the most stable month, with a tight range of 0.0000 SGD (High: 0.0037 / Low: 0.0036).

June Spread (Volatile) ±0.0001
March Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between March and August, 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 0.0000 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 0.0038) against the same month in 2017 (average: 0.0038), the exchange rate shifted by +0.0000 (+0.62%).

2018 Avg (September) 0.0038
2017 Avg (September) 0.0038

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0037 0.0036 0.0037
February 0.0037 0.0036 0.0037
March 0.0037 0.0036 0.0037
April 0.0037 0.0036 0.0037
May 0.0037 0.0037 0.0037
June 0.0038 0.0037 0.0037
July 0.0038 0.0038 0.0038
August 0.0038 0.0038 0.0038
September 0.0038 0.0038 0.0038
October 0.0038 0.0038 0.0038
November 0.0038 0.0038 0.0038
December 0.0038 0.0037 0.0038