2024 AED to NGN Historical Review

YEARLY HIGH

461.9385 NGN

YEARLY LOW

233.8851 NGN

YEARLY AVERAGE

400.2100 NGN

2024 AED to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AED to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 461.9385. Conversely, the yearly low was recorded on January 17, dropping to 233.8851.

This high-to-low spread represents a total annual volatility of 228.0534 NGN. From a start-to-finish perspective, comparing the January average rate of 248.2486 to the December average rate of 427.8061, the exchange rate registered a net change of 72.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 461.9385 was up 88.87% compared to the 2023 peak of 244.5812, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,309,692 NGN

2023 Average 864,780 NGN

Yearly Trough Low 1,169,426 NGN

Transaction Impact: A difference of 1,140,266.81 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

476.6103

227.4885

JanuMarcMayJulySeptNove

AED 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 363.2143, compared to 437.2056 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 73.9913 points.

H1 Avg (Jan–Jun) 363.2143

H2 Avg (Jul–Dec) 437.2056

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 191.1304 NGN (High: 437.5230 / Low: 246.3926). On the other end, October was the most stable month, with a tight range of 13.9196 NGN (High: 454.8707 / Low: 440.9511).

February Spread (Volatile) ±191.1304

October Spread (Stable) ±13.9196

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 67.9560 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -67.9560

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 455.8501) against the same month in 2023 (average: 218.0398), the exchange rate shifted by +237.8104 (+109.07%).

2024 Avg (November) 455.8501

2023 Avg (November) 218.0398

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	260.8431	233.8851	248.2486
February	437.5230	246.3926	374.5144
March	438.7098	379.8764	416.1232
April	386.9510	327.0706	348.1672
May	412.1906	336.2466	386.0452
June	413.3188	382.7934	406.1875
July	452.3336	382.7897	413.9985
August	452.2386	428.8857	434.6939
September	454.5304	432.8332	444.8710
October	454.8707	440.9511	446.0141
November	461.9385	446.8340	455.8501
December	457.7824	420.6929	427.8061