2024 DOP to NGN Historical Review

YEARLY HIGH

28.1034 NGN

YEARLY LOW

14.6461 NGN

YEARLY AVERAGE

24.7071 NGN

2024 DOP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DOP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 28.1034. Conversely, the yearly low was recorded on January 17, dropping to 14.6461.

This high-to-low spread represents a total annual volatility of 13.4573 NGN. From a start-to-finish perspective, comparing the January average rate of 15.5605 to the December average rate of 25.8908, the exchange rate registered a net change of 66.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 28.1034 was up 80.88% compared to the 2023 peak of 15.5373, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 140,517 NGN

2023 Average 56,577 NGN

Yearly Trough Low 73,230 NGN

Transaction Impact: A difference of 67,286.71 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

28.9638

14.3420

JanuMarcMayJulySeptNove

DOP 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 22.6618, compared to 26.7523 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.0905 points.

H1 Avg (Jan–Jun) 22.6618

H2 Avg (Jul–Dec) 26.7523

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 12.0417 NGN (High: 27.3957 / Low: 15.3540). On the other end, October was the most stable month, with a tight range of 0.7720 NGN (High: 27.6038 / Low: 26.8319).

February Spread (Volatile) ±12.0417

October Spread (Stable) ±0.7720

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 4.2587 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -4.2587

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 27.7453) against the same month in 2023 (average: 14.1107), the exchange rate shifted by +13.6346 (+96.63%).

2024 Avg (November) 27.7453

2023 Avg (November) 14.1107

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.3632	14.6461	15.5605
February	27.3957	15.3540	23.4402
March	27.2312	23.5631	25.9019
April	23.9841	20.2530	21.6432
May	25.8955	21.2565	24.2453
June	25.6949	23.7915	25.1799
July	28.0463	23.7374	25.7066
August	27.9600	26.3310	26.7887
September	27.6860	26.6482	27.2291
October	27.6038	26.8319	27.1532
November	28.1034	27.2043	27.7453
December	27.8866	25.3515	25.8908