YEARLY HIGH
691.2366 VEF
YEARLY LOW
0.0276 VEF
YEARLY AVERAGE
350.0817 VEF

2018 NGN to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 6, valuing the pair at 691.2366. Conversely, the yearly low was recorded on January 6, dropping to 0.0276.

This high-to-low spread represents a total annual volatility of 691.2089 VEF. From a start-to-finish perspective, comparing the January average rate of 0.0281 to the December average rate of 682.6326, the exchange rate registered a net change of 2432946.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 691.2366 was up 2089869.61% compared to the 2017 peak of 0.0331, 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 691,236,594 VEF
2017 Average 30,381 VEF
Yearly Trough Low 27,646 VEF
Transaction Impact: A difference of 691,208,947.59 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

754.8589
-68.5929
JanuMarcMayJulySeptNove

NGN to VEF 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 118.1057, compared to 582.0577 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 463.9520 points.

H1 Avg (Jan–Jun) 118.1057
H2 Avg (Jul–Dec) 582.0577

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 394.2749 VEF (High: 689.0890 / Low: 294.8141). On the other end, January was the most stable month, with a tight range of 0.0015 VEF (High: 0.0291 / Low: 0.0276).

August Spread (Volatile) ±394.2749
January Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 2.3561 points.

Longest Streak 8 Mo.
Sharpest MoM Drop -2.3561

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 686.2379) against the same month in 2017 (average: 0.0281), the exchange rate shifted by +686.2098 (+2444454.30%).

2018 Avg (September) 686.2379
2017 Avg (September) 0.0281

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0291 0.0276 0.0281
February 80.3529 0.0277 45.3159
March 111.9001 80.2358 101.0189
April 185.8913 111.7567 139.0684
May 222.0078 191.0668 201.4060
June 222.1256 221.2685 221.7970
July 296.5880 221.3296 252.4617
August 689.0890 294.8141 503.4381
September 691.2366 682.7271 686.2379
October 686.0827 682.6146 683.8818
November 688.8933 681.7032 683.6942
December 684.5390 679.4176 682.6326