2024 ALL to NGN Historical Review

YEARLY HIGH

18.9089 NGN

YEARLY LOW

8.9993 NGN

YEARLY AVERAGE

15.8327 NGN

2024 ALL to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ALL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 18.9089. Conversely, the yearly low was recorded on January 17, dropping to 8.9993.

This high-to-low spread represents a total annual volatility of 9.9096 NGN. From a start-to-finish perspective, comparing the January average rate of 9.5773 to the December average rate of 16.7468, the exchange rate registered a net change of 74.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 18.9089 was up 97.26% compared to the 2023 peak of 9.5859, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 94,545 NGN

2023 Average 31,987 NGN

Yearly Trough Low 44,996 NGN

Transaction Impact: A difference of 49,548.23 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

19.1340

8.7085

JanuMarcMayJulySeptNove

ALL 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 14.1164, compared to 17.5490 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.4326 points.

H1 Avg (Jan–Jun) 14.1164

H2 Avg (Jul–Dec) 17.5490

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 7.4338 NGN (High: 16.7658 / Low: 9.3320). On the other end, November was the most stable month, with a tight range of 0.5712 NGN (High: 18.4792 / Low: 17.9080).

February Spread (Volatile) ±7.4338

November Spread (Stable) ±0.5712

Growth Streaks & Declines

Trends

Between April and September, 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 March and April, when the average rate fell by 2.5507 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -2.5507

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 18.2652) against the same month in 2023 (average: 7.7325), the exchange rate shifted by +10.5327 (+136.21%).

2024 Avg (September) 18.2652

2023 Avg (September) 7.7325

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.1175	8.9993	9.5773
February	16.7658	9.3320	14.3002
March	17.0085	14.5685	16.0639
April	14.9149	12.6190	13.5132
May	16.3996	13.1537	15.2494
June	16.2760	15.0039	15.9946
July	17.9388	15.1568	16.4439
August	17.9084	17.2371	17.5945
September	18.9089	17.5868	18.2652
October	18.7564	17.9321	18.0944
November	18.4792	17.9080	18.1492
December	18.0821	16.3321	16.7468