2018 TOP to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 TOP to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the TOP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 163.7773. Conversely, the yearly low was recorded on July 3, dropping to 154.1860.
This high-to-low spread represents a total annual volatility of 9.5914 NGN. From a start-to-finish perspective, comparing the January average rate of 160.2798 to the December average rate of 159.8570, the exchange rate registered a net change of -0.26% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 163.7773 was down 2.62% compared to the 2017 peak of 168.1809, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
TOP 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 160.6007, compared to 157.4444 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.1563 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was May, with a trading range of 5.8677 NGN (High: 162.4816 / Low: 156.6138). On the other end, October was the most stable month, with a tight range of 0.7572 NGN (High: 157.9305 / Low: 157.1733).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 2.7740 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2018: 162.8105) against the same month in 2017 (average: 139.5293), the exchange rate shifted by +23.2812 (+16.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 162.8921 | 158.3550 | 160.2798 |
| February | 163.7773 | 161.5857 | 162.8105 |
| March | 162.7476 | 160.7089 | 161.9853 |
| April | 162.8788 | 159.5990 | 161.8202 |
| May | 162.4816 | 156.6138 | 159.0462 |
| June | 158.9707 | 156.1118 | 157.6624 |
| July | 156.6159 | 154.1860 | 155.7891 |
| August | 156.9673 | 155.8005 | 156.2517 |
| September | 157.5131 | 155.5740 | 156.7093 |
| October | 157.9305 | 157.1733 | 157.6267 |
| November | 159.0979 | 157.4177 | 158.4328 |
| December | 161.5611 | 158.6035 | 159.8570 |