2024 BAM to NGN Historical Review

YEARLY HIGH

955.3984 NGN

YEARLY LOW

477.8526 NGN

YEARLY AVERAGE

813.3484 NGN

2024 BAM to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BAM to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 955.3984. Conversely, the yearly low was recorded on January 17, dropping to 477.8526.

This high-to-low spread represents a total annual volatility of 477.5458 NGN. From a start-to-finish perspective, comparing the January average rate of 508.8464 to the December average rate of 842.0727, the exchange rate registered a net change of 65.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 955.3984 was up 88.15% compared to the 2023 peak of 507.7723, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,776,992 NGN

2023 Average 1,757,855 NGN

Yearly Trough Low 2,389,263 NGN

Transaction Impact: A difference of 2,387,729.21 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

970.2916

466.8969

JanuMarcMayJulySeptNove

BAM 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 737.3811, compared to 889.3156 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 151.9345 points.

H1 Avg (Jan–Jun) 737.3811

H2 Avg (Jul–Dec) 889.3156

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 392.8654 NGN (High: 889.4330 / Low: 496.5676). On the other end, November was the most stable month, with a tight range of 27.4567 NGN (High: 925.8411 / Low: 898.3844).

February Spread (Volatile) ±392.8654

November Spread (Stable) ±27.4567

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 147.6985 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -147.6985

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 928.3420) against the same month in 2023 (average: 423.2669), the exchange rate shifted by +505.0751 (+119.33%).

2024 Avg (September) 928.3420

2023 Avg (September) 423.2669

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	536.7101	477.8526	508.8464
February	889.4330	496.5676	759.4727
March	900.3639	769.6151	849.4659
April	784.0822	652.9187	701.7674
May	841.6355	675.7045	783.6837
June	840.7195	769.0444	821.0505
July	921.4918	777.4480	843.6333
August	916.7351	882.9653	898.6543
September	955.3984	897.2310	928.3420
October	946.2617	905.6191	912.8382
November	925.8411	898.3844	910.3531
December	909.7959	822.3107	842.0727