2024 HKD to NGN Historical Review

YEARLY HIGH

217.9602 NGN

YEARLY LOW

109.8195 NGN

YEARLY AVERAGE

188.4241 NGN

2024 HKD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HKD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 217.9602. Conversely, the yearly low was recorded on January 17, dropping to 109.8195.

This high-to-low spread represents a total annual volatility of 108.1407 NGN. From a start-to-finish perspective, comparing the January average rate of 116.6482 to the December average rate of 202.1326, the exchange rate registered a net change of 73.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 217.9602 was up 89.50% compared to the 2023 peak of 115.0168, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,449,004 NGN

2023 Average 2,029,150 NGN

Yearly Trough Low 2,745,487 NGN

Transaction Impact: A difference of 2,703,517.54 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

225.0631

106.7923

JanuMarcMayJulySeptNove

HKD 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 170.6155, compared to 206.2327 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 35.6172 points.

H1 Avg (Jan–Jun) 170.6155

H2 Avg (Jul–Dec) 206.2327

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 89.7601 NGN (High: 205.4527 / Low: 115.6927). On the other end, October was the most stable month, with a tight range of 6.8312 NGN (High: 215.2225 / Low: 208.3913).

February Spread (Volatile) ±89.7601

October Spread (Stable) ±6.8312

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 32.0586 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -32.0586

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 215.2072) against the same month in 2023 (average: 102.5847), the exchange rate shifted by +112.6225 (+109.78%).

2024 Avg (November) 215.2072

2023 Avg (November) 102.5847

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	122.4651	109.8195	116.6482
February	205.4527	115.6927	175.8655
March	205.9795	178.2960	195.3442
April	181.5867	153.2560	163.2855
May	194.0666	157.9759	181.5303
June	194.4077	180.0452	191.0194
July	212.6759	179.9830	194.7078
August	212.5707	202.0458	204.7727
September	214.7544	203.8626	209.7270
October	215.2225	208.3913	210.8488
November	217.9602	210.9959	215.2072
December	216.0726	198.7420	202.1326