2024 MOP to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MOP to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MOP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 211.7356. Conversely, the yearly low was recorded on January 17, dropping to 106.5942.
This high-to-low spread represents a total annual volatility of 105.1413 NGN. From a start-to-finish perspective, comparing the January average rate of 113.2646 to the December average rate of 196.3157, the exchange rate registered a net change of 73.32% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 211.7356 was up 90.03% compared to the 2023 peak of 111.4241, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MOP 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 165.6780, compared to 200.2368 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 34.5588 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 88.0466 NGN (High: 199.3993 / Low: 111.3527). On the other end, November was the most stable month, with a tight range of 6.6184 NGN (High: 211.7356 / Low: 205.1171).
Growth Streaks & Declines
TrendsBetween 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 31.1581 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 208.9104) against the same month in 2023 (average: 99.7090), the exchange rate shifted by +109.2014 (+109.52%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 119.0447 | 106.5942 | 113.2646 |
| February | 199.3993 | 111.3527 | 170.7416 |
| March | 199.9618 | 173.0847 | 189.7407 |
| April | 176.3605 | 148.9705 | 158.5825 |
| May | 188.3173 | 153.3233 | 176.2820 |
| June | 188.8991 | 174.7826 | 185.4569 |
| July | 206.5363 | 174.5973 | 189.0931 |
| August | 206.5255 | 196.0013 | 198.9531 |
| September | 208.7343 | 197.9797 | 203.5837 |
| October | 209.0096 | 202.2705 | 204.5649 |
| November | 211.7356 | 205.1171 | 208.9104 |
| December | 210.1173 | 193.2520 | 196.3157 |