2024 BRL to NGN Historical Review

YEARLY HIGH

325.9603 NGN

YEARLY LOW

174.0538 NGN

YEARLY AVERAGE

272.0855 NGN

2024 BRL to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BRL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 325.9603. Conversely, the yearly low was recorded on January 17, dropping to 174.0538.

This high-to-low spread represents a total annual volatility of 151.9065 NGN. From a start-to-finish perspective, comparing the January average rate of 185.7754 to the December average rate of 256.8125, the exchange rate registered a net change of 38.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 325.9603 was up 76.08% compared to the 2023 peak of 185.1184, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 8,149,009 NGN

2023 Average 3,197,405 NGN

Yearly Trough Low 4,351,345 NGN

Transaction Impact: A difference of 3,797,663.38 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

318.7612

173.6857

JanuMarcMayJulySeptNove

BRL 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 261.9245, compared to 282.2465 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 20.3220 points.

H1 Avg (Jan–Jun) 261.9245

H2 Avg (Jul–Dec) 282.2465

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 144.4339 NGN (High: 325.9603 / Low: 181.5265). On the other end, November was the most stable month, with a tight range of 15.1190 NGN (High: 294.7424 / Low: 279.6233).

February Spread (Volatile) ±144.4339

November Spread (Stable) ±15.1190

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 57.1786 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -57.1786

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 277.0749) against the same month in 2023 (average: 88.8884), the exchange rate shifted by +188.1866 (+211.71%).

2024 Avg (February) 277.0749

2023 Avg (February) 88.8884

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	197.2539	174.0538	185.7754
February	325.9603	181.5265	277.0749
March	323.6986	278.2128	306.6716
April	281.1022	227.1925	249.4930
May	295.1105	241.6026	275.9656
June	284.5337	251.3587	276.5663
July	293.9758	253.5755	274.2876
August	295.4448	278.6524	287.4480
September	307.0520	281.4240	295.0245
October	307.4265	283.6400	291.4692
November	294.7424	279.6233	288.4370
December	281.4580	229.5252	256.8125