2024 CAD to NGN Historical Review

YEARLY HIGH

1236.7653 NGN

YEARLY LOW

636.2441 NGN

YEARLY AVERAGE

1071.7570 NGN

2024 CAD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 1236.7653. Conversely, the yearly low was recorded on January 17, dropping to 636.2441.

This high-to-low spread represents a total annual volatility of 600.5211 NGN. From a start-to-finish perspective, comparing the January average rate of 679.5520 to the December average rate of 1102.0769, the exchange rate registered a net change of 62.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1236.7653 was up 82.32% compared to the 2023 peak of 678.3568, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,183,826 NGN

2023 Average 2,353,277 NGN

Yearly Trough Low 3,181,221 NGN

Transaction Impact: A difference of 3,002,605.65 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1258.7110

626.9012

JanuMarcMayJulySeptNove

CAD 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 981.3731, compared to 1162.1409 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 180.7679 points.

H1 Avg (Jan–Jun) 981.3731

H2 Avg (Jul–Dec) 1162.1409

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 523.3551 NGN (High: 1191.5619 / Low: 668.2069). On the other end, November was the most stable month, with a tight range of 41.0300 NGN (High: 1216.0586 / Low: 1175.0286).

February Spread (Volatile) ±523.3551

November Spread (Stable) ±41.0300

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 193.9360 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -193.9360

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 1190.6308) against the same month in 2023 (average: 570.8020), the exchange rate shifted by +619.8288 (+108.59%).

2024 Avg (October) 1190.6308

2023 Avg (October) 570.8020

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	713.8296	636.2441	679.5520
February	1191.5619	668.2069	1019.1360
March	1194.9120	1026.9960	1128.7212
April	1046.8419	869.0567	934.7853
May	1112.6563	901.9866	1037.5113
June	1111.2429	1026.6895	1088.5326
July	1203.1950	1025.9920	1108.4036
August	1196.6458	1149.9698	1168.2532
September	1234.3368	1173.7850	1206.0602
October	1236.7653	1178.6828	1190.6308
November	1216.0586	1175.0286	1197.4209
December	1199.8592	1072.5840	1102.0769