2024 CNY to NGN Historical Review

YEARLY HIGH

237.9580 NGN

YEARLY LOW

120.5478 NGN

YEARLY AVERAGE

204.7867 NGN

2024 CNY to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CNY to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 237.9580. Conversely, the yearly low was recorded on January 17, dropping to 120.5478.

This high-to-low spread represents a total annual volatility of 117.4102 NGN. From a start-to-finish perspective, comparing the January average rate of 128.2310 to the December average rate of 215.8055, the exchange rate registered a net change of 68.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 237.9580 was up 87.55% compared to the 2023 peak of 126.8802, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,948,950 NGN

2023 Average 2,233,860 NGN

Yearly Trough Low 3,013,696 NGN

Transaction Impact: A difference of 2,935,253.87 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

242.7696

117.8184

JanuMarcMayJulySeptNove

CNY 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 185.7067, compared to 223.8667 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 38.1600 points.

H1 Avg (Jan–Jun) 185.7067

H2 Avg (Jul–Dec) 223.8667

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 97.5396 NGN (High: 223.3827 / Low: 125.8430). On the other end, November was the most stable month, with a tight range of 4.7178 NGN (High: 235.0420 / Low: 230.3242).

February Spread (Volatile) ±97.5396

November Spread (Stable) ±4.7178

Growth Streaks & Declines

Trends

Between 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 35.4831 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -35.4831

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 230.9901) against the same month in 2023 (average: 106.1417), the exchange rate shifted by +124.8485 (+117.62%).

2024 Avg (September) 230.9901

2023 Avg (September) 106.1417

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	134.7981	120.5478	128.2310
February	223.3827	125.8430	192.1023
March	224.5682	193.0764	212.3810
April	196.5232	165.9528	176.8979
May	210.8217	170.5942	197.8701
June	211.6975	193.4694	206.7579
July	230.1746	193.2513	209.5469
August	229.3092	220.2178	223.4215
September	237.9580	223.2415	230.9901
October	237.3649	228.8325	231.0793
November	235.0420	230.3242	232.3570
December	232.1878	211.7753	215.8055