2024 GNF to NGN Historical Review

YEARLY HIGH

0.1966 NGN

YEARLY LOW

0.1001 NGN

YEARLY AVERAGE

0.1707 NGN

2024 GNF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GNF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 0.1966. Conversely, the yearly low was recorded on January 17, dropping to 0.1001.

This high-to-low spread represents a total annual volatility of 0.0965 NGN. From a start-to-finish perspective, comparing the January average rate of 0.1061 to the December average rate of 0.1821, the exchange rate registered a net change of 71.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1966 was up 88.56% compared to the 2023 peak of 0.1043, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 983 NGN

2023 Average 369 NGN

Yearly Trough Low 501 NGN

Transaction Impact: A difference of 482.47 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2029

0.0973

JanuMarcMayJulySeptNove

GNF 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 0.1552, compared to 0.1861 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0310 points.

H1 Avg (Jan–Jun) 0.1552

H2 Avg (Jul–Dec) 0.1861

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0824 NGN (High: 0.1870 / Low: 0.1045). On the other end, October was the most stable month, with a tight range of 0.0049 NGN (High: 0.1926 / Low: 0.1877).

February Spread (Volatile) ±0.0824

October Spread (Stable) ±0.0049

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 0.0290 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0290

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.1941) against the same month in 2023 (average: 0.0931), the exchange rate shifted by +0.1010 (+108.41%).

2024 Avg (November) 0.1941

2023 Avg (November) 0.0931

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1116	0.1001	0.1061
February	0.1870	0.1045	0.1599
March	0.1873	0.1623	0.1778
April	0.1654	0.1398	0.1488
May	0.1761	0.1436	0.1650
June	0.1764	0.1633	0.1734
July	0.1928	0.1632	0.1766
August	0.1928	0.1825	0.1853
September	0.1934	0.1841	0.1891
October	0.1926	0.1877	0.1897
November	0.1966	0.1904	0.1941
December	0.1953	0.1791	0.1821