2024 DZD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 DZD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the DZD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 12.6576. Conversely, the yearly low was recorded on January 17, dropping to 6.3772.
This high-to-low spread represents a total annual volatility of 6.2804 NGN. From a start-to-finish perspective, comparing the January average rate of 6.7778 to the December average rate of 11.7013, the exchange rate registered a net change of 72.64% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 12.6576 was up 89.19% compared to the 2023 peak of 6.6902, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
DZD to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 9.9145, compared to 12.0128 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0983 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 5.2698 NGN (High: 11.9482 / Low: 6.6783). On the other end, November was the most stable month, with a tight range of 0.3420 NGN (High: 12.6576 / Low: 12.3156).
Growth Streaks & Declines
TrendsBetween 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 1.8588 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 12.5415) against the same month in 2023 (average: 5.9512), the exchange rate shifted by +6.5903 (+110.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.1187 | 6.3772 | 6.7778 |
| February | 11.9482 | 6.6783 | 10.2226 |
| March | 11.9878 | 10.3582 | 11.3588 |
| April | 10.5183 | 8.9095 | 9.5000 |
| May | 11.2691 | 9.1757 | 10.5413 |
| June | 11.2826 | 10.4364 | 11.0867 |
| July | 12.3524 | 10.4512 | 11.3126 |
| August | 12.3258 | 11.7354 | 11.8970 |
| September | 12.6308 | 11.8855 | 12.3342 |
| October | 12.5725 | 12.1772 | 12.2903 |
| November | 12.6576 | 12.3156 | 12.5415 |
| December | 12.6117 | 11.3972 | 11.7013 |