2018 NGN to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 NGN to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the NGN to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 6, valuing the pair at 23.3406. Conversely, the yearly low was recorded on July 18, dropping to 17.4655.
This high-to-low spread represents a total annual volatility of 5.8751 SLL. From a start-to-finish perspective, comparing the January average rate of 21.2837 to the December average rate of 23.0486, the exchange rate registered a net change of 8.29% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 23.3406 was down 5.06% compared to the 2017 peak of 24.5845, 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 SLL 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 20.9871, compared to 21.7032 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7161 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was August, with a trading range of 5.2367 SLL (High: 23.2681 / Low: 18.0314). On the other end, October was the most stable month, with a tight range of 0.1171 SLL (High: 23.1666 / Low: 23.0495).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 2.5666 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2018: 23.1718) against the same month in 2017 (average: 21.0470), the exchange rate shifted by +2.1248 (+10.10%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.3898 | 21.1541 | 21.2837 |
| February | 21.4652 | 21.2229 | 21.2867 |
| March | 21.5036 | 21.2464 | 21.3139 |
| April | 21.5692 | 21.2841 | 21.3830 |
| May | 21.7480 | 21.3275 | 21.6110 |
| June | 21.7548 | 17.4897 | 19.0444 |
| July | 18.1399 | 17.4655 | 17.7252 |
| August | 23.2681 | 18.0314 | 20.0975 |
| September | 23.3406 | 23.0533 | 23.1718 |
| October | 23.1666 | 23.0495 | 23.0922 |
| November | 23.2600 | 23.0172 | 23.0839 |
| December | 23.1129 | 22.9400 | 23.0486 |