2018 ZAR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 ZAR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the ZAR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 31.2560. Conversely, the yearly low was recorded on September 6, dropping to 23.4488.
This high-to-low spread represents a total annual volatility of 7.8072 NGN. From a start-to-finish perspective, comparing the January average rate of 29.5507 to the December average rate of 25.4808, the exchange rate registered a net change of -13.77% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 31.2560 was up 6.62% compared to the 2017 peak of 29.3145, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
ZAR 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 29.3427, compared to 25.5872 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.7556 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was June, with a trading range of 2.7588 NGN (High: 28.6966 / Low: 25.9378). On the other end, March was the most stable month, with a tight range of 0.9791 NGN (High: 30.9034 / Low: 29.9243).
Growth Streaks & Declines
TrendsBetween September and November, 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 May and June, when the average rate fell by 1.6271 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2018: 30.5046) against the same month in 2017 (average: 23.9302), the exchange rate shifted by +6.5744 (+27.47%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 30.3579 | 28.8957 | 29.5507 |
| February | 31.2560 | 29.6261 | 30.5046 |
| March | 30.9034 | 29.9243 | 30.4090 |
| April | 30.4184 | 28.9037 | 29.7379 |
| May | 29.4451 | 28.1689 | 28.7407 |
| June | 28.6966 | 25.9378 | 27.1136 |
| July | 27.5674 | 26.0260 | 26.9434 |
| August | 27.3161 | 24.6233 | 25.7187 |
| September | 25.7738 | 23.4488 | 24.5904 |
| October | 25.6519 | 24.4226 | 24.9866 |
| November | 26.6311 | 25.1157 | 25.8032 |
| December | 26.5488 | 24.8666 | 25.4808 |