2024 AZN to NGN Historical Review

YEARLY HIGH

998.0588 NGN

YEARLY LOW

505.3294 NGN

YEARLY AVERAGE

864.6263 NGN

2024 AZN to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AZN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 998.0588. Conversely, the yearly low was recorded on January 17, dropping to 505.3294.

This high-to-low spread represents a total annual volatility of 492.7294 NGN. From a start-to-finish perspective, comparing the January average rate of 536.2387 to the December average rate of 924.3121, the exchange rate registered a net change of 72.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 998.0588 was up 88.88% compared to the 2023 peak of 528.4039, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,990,294 NGN

2023 Average 1,868,244 NGN

Yearly Trough Low 2,526,647 NGN

Transaction Impact: A difference of 2,463,647.06 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1029.7685

491.3724

JanuMarcMayJulySeptNove

AZN 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 784.6335, compared to 944.6192 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 159.9857 points.

H1 Avg (Jan–Jun) 784.6335

H2 Avg (Jul–Dec) 944.6192

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 412.9412 NGN (High: 945.2941 / Low: 532.3529). On the other end, October was the most stable month, with a tight range of 30.0824 NGN (High: 982.7882 / Low: 952.7059).

February Spread (Volatile) ±412.9412

October Spread (Stable) ±30.0824

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 146.7188 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -146.7188

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 984.9021) against the same month in 2023 (average: 470.9749), the exchange rate shifted by +513.9272 (+109.12%).

2024 Avg (November) 984.9021

2023 Avg (November) 470.9749

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	563.5592	505.3294	536.2387
February	945.2941	532.3529	809.1609
March	947.7176	820.6000	898.7219
April	835.8824	704.5334	752.0031
May	890.5741	726.4706	834.0758
June	893.0118	827.0588	877.6006
July	977.3079	827.0588	894.4806
August	977.1000	926.6176	939.1876
September	982.0529	935.1718	961.1789
October	982.7882	952.7059	963.6538
November	998.0588	965.4242	984.9021
December	989.0792	908.9466	924.3121