2024 ILS to NGN Historical Review

YEARLY HIGH

464.4194 NGN

YEARLY LOW

226.2908 NGN

YEARLY AVERAGE

397.2952 NGN

2024 ILS to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ILS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 464.4194. Conversely, the yearly low was recorded on January 17, dropping to 226.2908.

This high-to-low spread represents a total annual volatility of 238.1286 NGN. From a start-to-finish perspective, comparing the January average rate of 245.8960 to the December average rate of 433.7161, the exchange rate registered a net change of 76.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 464.4194 was up 86.17% compared to the 2023 peak of 249.4652, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,322,097 NGN

2023 Average 857,652 NGN

Yearly Trough Low 1,131,454 NGN

Transaction Impact: A difference of 1,190,642.81 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

470.5771

225.4704

JanuMarcMayJulySeptNove

ILS 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 361.2500, compared to 433.3403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 72.0903 points.

H1 Avg (Jan–Jun) 361.2500

H2 Avg (Jul–Dec) 433.3403

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 200.5912 NGN (High: 447.0459 / Low: 246.4547). On the other end, October was the most stable month, with a tight range of 17.4057 NGN (High: 444.8541 / Low: 427.4484).

February Spread (Volatile) ±200.5912

October Spread (Stable) ±17.4057

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 80.6331 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -80.6331

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 450.1515) against the same month in 2023 (average: 210.7262), the exchange rate shifted by +239.4253 (+113.62%).

2024 Avg (November) 450.1515

2023 Avg (November) 210.7262

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	261.4052	226.2908	245.8960
February	447.0459	246.4547	377.7092
March	446.0691	380.3922	420.8564
April	386.3965	318.4090	340.2233
May	411.9882	330.1142	383.1392
June	408.2192	373.3454	399.6760
July	453.9898	382.8007	413.9858
August	438.9208	415.9087	429.0701
September	451.1591	427.7429	438.0359
October	444.8541	427.4484	435.0825
November	464.4194	437.3645	450.1515
December	462.6510	420.5780	433.7161