YEARLY HIGH
1.4375 SYP
YEARLY LOW
1.4082 SYP
YEARLY AVERAGE
1.4255 SYP

2018 NGN to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 1.4375. Conversely, the yearly low was recorded on December 1, dropping to 1.4082.

This high-to-low spread represents a total annual volatility of 0.0293 SYP. From a start-to-finish perspective, comparing the January average rate of 1.4301 to the December average rate of 1.4148, the exchange rate registered a net change of -1.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.4375 was down 4.03% compared to the 2017 peak of 1.4978, 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 1,437,495 SYP
2017 Average 975,076 SYP
Yearly Trough Low 1,408,183 SYP
Transaction Impact: A difference of 29,312.18 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.4328
1.4132
JanuMarcMayJulySeptNove

NGN to SYP 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 1.4299, compared to 1.4211 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0088 points.

H1 Avg (Jan–Jun) 1.4299
H2 Avg (Jul–Dec) 1.4211

Volatility Range Comparison

Volatility

The most volatile month in 2018 was September, with a trading range of 0.0177 SYP (High: 1.4328 / Low: 1.4151). On the other end, April was the most stable month, with a tight range of 0.0040 SYP (High: 1.4342 / Low: 1.4302).

September Spread (Volatile) ±0.0177
April Spread (Stable) ±0.0040

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0049 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 1.4301) against the same month in 2017 (average: 0.6837), the exchange rate shifted by +0.7465 (+109.19%).

2018 Avg (January) 1.4301
2017 Avg (January) 0.6837

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.4375 1.4217 1.4301
February 1.4306 1.4265 1.4286
March 1.4320 1.4268 1.4299
April 1.4342 1.4302 1.4311
May 1.4332 1.4247 1.4299
June 1.4320 1.4261 1.4296
July 1.4343 1.4226 1.4282
August 1.4320 1.4200 1.4266
September 1.4328 1.4151 1.4225
October 1.4231 1.4148 1.4176
November 1.4278 1.4127 1.4169
December 1.4187 1.4082 1.4148