YEARLY HIGH
96.6539 NGN
YEARLY LOW
51.8597 NGN
YEARLY AVERAGE
77.0330 NGN

2018 TRY to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TRY to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 96.6539. Conversely, the yearly low was recorded on August 13, dropping to 51.8597.

This high-to-low spread represents a total annual volatility of 44.7942 NGN. From a start-to-finish perspective, comparing the January average rate of 95.5004 to the December average rate of 68.5489, the exchange rate registered a net change of -28.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 96.6539 was down 8.82% compared to the 2017 peak of 106.0004, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 4,832,693 NGN
2017 Average 4,580,431 NGN
Yearly Trough Low 2,592,983 NGN
Transaction Impact: A difference of 2,239,710.51 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

99.3108
53.5858
JanuMarcMayJulySeptNove

TRY 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 88.5224, compared to 65.5435 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 22.9789 points.

H1 Avg (Jan–Jun) 88.5224
H2 Avg (Jul–Dec) 65.5435

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 20.6167 NGN (High: 72.4764 / Low: 51.8597). On the other end, February was the most stable month, with a tight range of 2.2638 NGN (High: 96.4080 / Low: 94.1442).

August Spread (Volatile) ±20.6167
February Spread (Stable) ±2.2638

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 14.2904 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -14.2904

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 95.5004) against the same month in 2017 (average: 83.7156), the exchange rate shifted by +11.7848 (+14.08%).

2018 Avg (January) 95.5004
2017 Avg (January) 83.7156

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 96.6539 94.2733 95.5004
February 96.4080 94.1442 95.2354
March 95.0026 89.6679 92.5364
April 91.0100 86.8421 88.5842
May 87.7616 75.6346 81.4430
June 80.7164 75.8217 77.8350
July 78.8773 73.3316 75.6116
August 72.4764 51.8597 61.3212
September 60.4042 53.9926 57.3962
October 66.4293 58.7200 62.5650
November 70.4142 65.7443 67.8181
December 70.1720 67.5030 68.5489