2018 NGN to STD Historical Review

YEARLY HIGH

58.8335 STD

YEARLY LOW

54.6125 STD

YEARLY AVERAGE

57.1716 STD

2018 NGN to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 20, valuing the pair at 58.8335. Conversely, the yearly low was recorded on February 17, dropping to 54.6125.

This high-to-low spread represents a total annual volatility of 4.2210 STD. From a start-to-finish perspective, comparing the January average rate of 56.0731 to the December average rate of 57.8291, the exchange rate registered a net change of 3.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 58.8335 was down 23.17% compared to the 2017 peak of 76.5778, 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 58,833,476 STD

2017 Average 65,550,460 STD

Yearly Trough Low 54,612,502 STD

Transaction Impact: A difference of 4,220,973.46 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

58.6316

54.7434

JanuMarcMayJulySeptNove

NGN to STD 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 56.2655, compared to 58.0777 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8123 points.

H1 Avg (Jan–Jun) 56.2655

H2 Avg (Jul–Dec) 58.0777

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 2.2559 STD (High: 58.7424 / Low: 56.4865). On the other end, October was the most stable month, with a tight range of 0.4200 STD (High: 58.2838 / Low: 57.8638).

May Spread (Volatile) ±2.2559

October Spread (Stable) ±0.4200

Growth Streaks & Declines

Trends

Between February and June, 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 January and February, when the average rate fell by 1.0057 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.0057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2018: 58.3076) against the same month in 2017 (average: 68.6168), the exchange rate shifted by -10.3092 (-15.02%).

2018 Avg (June) 58.3076

2017 Avg (June) 68.6168

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	56.9809	54.8585	56.0731
February	55.5398	54.6125	55.0674
March	55.4393	54.9199	55.2255
April	55.8661	55.1297	55.4065
May	58.7424	56.4865	57.5127
June	58.8335	57.6597	58.3076
July	58.5335	57.9189	58.2051
August	58.4767	58.0420	58.3054
September	58.5618	57.8409	58.1383
October	58.2838	57.8638	58.0708
November	58.3595	57.7504	57.9177
December	57.9906	57.5568	57.8291