2024 BGN to NGN Historical Review

YEARLY HIGH

952.8158 NGN

YEARLY LOW

477.6480 NGN

YEARLY AVERAGE

813.2605 NGN

2024 BGN to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 952.8158. Conversely, the yearly low was recorded on January 17, dropping to 477.6480.

This high-to-low spread represents a total annual volatility of 475.1678 NGN. From a start-to-finish perspective, comparing the January average rate of 508.5710 to the December average rate of 841.5403, the exchange rate registered a net change of 65.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 952.8158 was up 87.65% 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 BGN based on timing:

Yearly Peak High 4,764,079 NGN

2023 Average 1,757,734 NGN

Yearly Trough Low 2,388,240 NGN

Transaction Impact: A difference of 2,375,838.77 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

970.0628

466.6172

JanuMarcMayJulySeptNove

BGN 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 737.2579, compared to 889.2631 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 152.0052 points.

H1 Avg (Jan–Jun) 737.2579

H2 Avg (Jul–Dec) 889.2631

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 392.2172 NGN (High: 889.2160 / Low: 496.9988). On the other end, November was the most stable month, with a tight range of 31.5464 NGN (High: 928.2574 / Low: 896.7110).

February Spread (Volatile) ±392.2172

November Spread (Stable) ±31.5464

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 148.3722 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -148.3722

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 928.1090) against the same month in 2023 (average: 422.5370), the exchange rate shifted by +505.5720 (+119.65%).

2024 Avg (September) 928.1090

2023 Avg (September) 422.5370

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	536.3385	477.6480	508.5710
February	889.2160	496.9988	759.2045
March	900.7117	771.9029	849.5505
April	783.7665	652.4179	701.1782
May	841.4110	677.4139	784.0390
June	835.1027	770.3531	821.0040
July	921.5290	777.4399	843.6924
August	916.3412	882.7410	899.8209
September	952.8158	897.7311	928.1090
October	943.9883	904.9429	912.6991
November	928.2574	896.7110	909.7166
December	909.7417	821.6936	841.5403