2018 NGN to SZL Historical Review

YEARLY HIGH

0.0429 SZL

YEARLY LOW

0.0321 SZL

YEARLY AVERAGE

0.0366 SZL

2018 NGN to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 5, valuing the pair at 0.0429. Conversely, the yearly low was recorded on February 26, dropping to 0.0321.

This high-to-low spread represents a total annual volatility of 0.0108 SZL. From a start-to-finish perspective, comparing the January average rate of 0.0339 to the December average rate of 0.0391, the exchange rate registered a net change of 15.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0429 was down 4.56% compared to the 2017 peak of 0.0449, 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 42,879 SZL

2017 Average 40,035 SZL

Yearly Trough Low 32,103 SZL

Transaction Impact: A difference of 10,776.33 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0415

0.0321

JanuMarcMayJulySeptNove

NGN to SZL 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 0.0341, compared to 0.0391 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0050 points.

H1 Avg (Jan–Jun) 0.0341

H2 Avg (Jul–Dec) 0.0391

Volatility Range Comparison

Volatility

The most volatile month in 2018 was September, with a trading range of 0.0040 SZL (High: 0.0429 / Low: 0.0389). On the other end, March was the most stable month, with a tight range of 0.0011 SZL (High: 0.0334 / Low: 0.0324).

September Spread (Volatile) ±0.0040

March Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0012 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 0.0407) against the same month in 2017 (average: 0.0366), the exchange rate shifted by +0.0041 (+11.14%).

2018 Avg (September) 0.0407

2017 Avg (September) 0.0366

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0347	0.0329	0.0339
February	0.0337	0.0321	0.0329
March	0.0334	0.0324	0.0329
April	0.0346	0.0328	0.0336
May	0.0354	0.0341	0.0348
June	0.0384	0.0349	0.0368
July	0.0384	0.0363	0.0372
August	0.0404	0.0367	0.0388
September	0.0429	0.0389	0.0407
October	0.0410	0.0389	0.0400
November	0.0400	0.0376	0.0388
December	0.0400	0.0375	0.0391