2018 SGD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 SGD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the SGD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 28, valuing the pair at 275.5397. Conversely, the yearly low was recorded on September 8, dropping to 260.9322.
This high-to-low spread represents a total annual volatility of 14.6074 NGN. From a start-to-finish perspective, comparing the January average rate of 272.4946 to the December average rate of 265.5043, the exchange rate registered a net change of -2.57% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 275.5397 was up 1.58% compared to the 2017 peak of 271.2491, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
SGD to NGN 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 271.5050, compared to 264.2613 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.2437 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was January, with a trading range of 7.4885 NGN (High: 275.5397 / Low: 268.0512). On the other end, March was the most stable month, with a tight range of 2.6499 NGN (High: 275.2333 / Low: 272.5834).
Growth Streaks & Declines
TrendsBetween January and March, 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 April and May, when the average rate fell by 4.4979 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2018: 272.4946) against the same month in 2017 (average: 219.0262), the exchange rate shifted by +53.4684 (+24.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 275.5397 | 268.0512 | 272.4946 |
| February | 275.3028 | 270.3819 | 273.1148 |
| March | 275.2333 | 272.5834 | 273.8358 |
| April | 274.9313 | 270.8498 | 273.4370 |
| May | 270.4369 | 267.0580 | 268.9391 |
| June | 270.4533 | 263.0196 | 267.2085 |
| July | 266.2404 | 263.0789 | 264.6324 |
| August | 265.4602 | 261.4645 | 263.7265 |
| September | 266.3998 | 260.9322 | 264.0464 |
| October | 265.1780 | 262.2215 | 263.3329 |
| November | 265.7223 | 262.4201 | 264.3252 |
| December | 267.4656 | 263.6164 | 265.5043 |