YEARLY HIGH
0.7101 NGN
YEARLY LOW
0.6957 NGN
YEARLY AVERAGE
0.7015 NGN

2018 SYP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the SYP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 1, valuing the pair at 0.7101. Conversely, the yearly low was recorded on January 14, dropping to 0.6957.

This high-to-low spread represents a total annual volatility of 0.0145 NGN. From a start-to-finish perspective, comparing the January average rate of 0.6992 to the December average rate of 0.7068, the exchange rate registered a net change of 1.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.7101 was down 58.69% compared to the 2017 peak of 1.7190, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SYP based on timing:

Yearly Peak High 3,551 NGN
2017 Average 5,854 NGN
Yearly Trough Low 3,478 NGN
Transaction Impact: A difference of 72.40 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.7076
0.6979
JanuMarcMayJulySeptNove

SYP to NGN 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 0.6994, compared to 0.7037 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0043 points.

H1 Avg (Jan–Jun) 0.6994
H2 Avg (Jul–Dec) 0.7037

Volatility Range Comparison

Volatility

The most volatile month in 2018 was September, with a trading range of 0.0087 NGN (High: 0.7067 / Low: 0.6980). On the other end, April was the most stable month, with a tight range of 0.0019 NGN (High: 0.6992 / Low: 0.6973).

September Spread (Volatile) ±0.0087
April Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

Between April and December, 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 February and March, when the average rate fell by 0.0007 points.

Longest Streak 8 Mo.
Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 0.7068) against the same month in 2017 (average: 0.6986), the exchange rate shifted by +0.0082 (+1.17%).

2018 Avg (December) 0.7068
2017 Avg (December) 0.6986

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.7034 0.6957 0.6992
February 0.7010 0.6990 0.7000
March 0.7008 0.6983 0.6993
April 0.6992 0.6973 0.6987
May 0.7019 0.6977 0.6994
June 0.7012 0.6983 0.6995
July 0.7030 0.6972 0.7002
August 0.7042 0.6983 0.7010
September 0.7067 0.6980 0.7030
October 0.7068 0.7027 0.7054
November 0.7078 0.7004 0.7058
December 0.7101 0.7049 0.7068