2024 BDT to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BDT to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BDT to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 14.6789. Conversely, the yearly low was recorded on January 17, dropping to 7.8282.
This high-to-low spread represents a total annual volatility of 6.8507 NGN. From a start-to-finish perspective, comparing the January average rate of 8.3094 to the December average rate of 13.1529, the exchange rate registered a net change of 58.29% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 14.6789 was up 79.68% compared to the 2023 peak of 8.1696, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BDT based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BDT 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 11.9086, compared to 13.4978 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5892 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 6.4678 NGN (High: 14.6388 / Low: 8.1710). On the other end, October was the most stable month, with a tight range of 0.4314 NGN (High: 13.9862 / Low: 13.5548).
Growth Streaks & Declines
TrendsBetween 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 2.2787 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 13.9331) against the same month in 2023 (average: 4.3422), the exchange rate shifted by +9.5908 (+220.87%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.7380 | 7.8282 | 8.3094 |
| February | 14.6388 | 8.1710 | 12.5332 |
| March | 14.6789 | 12.7086 | 13.9331 |
| April | 12.9530 | 10.9499 | 11.6544 |
| May | 12.9296 | 11.2491 | 12.3228 |
| June | 12.9213 | 11.9591 | 12.6990 |
| July | 14.1445 | 11.9576 | 12.9442 |
| August | 14.1489 | 13.1748 | 13.5097 |
| September | 13.9763 | 13.3062 | 13.6714 |
| October | 13.9862 | 13.5548 | 13.6998 |
| November | 14.2031 | 13.7465 | 14.0089 |
| December | 14.0974 | 12.9487 | 13.1529 |