2024 NGN to AFN Historical Review

YEARLY HIGH

0.0845 AFN

YEARLY LOW

0.0398 AFN

YEARLY AVERAGE

0.0496 AFN

2024 NGN to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0845. Conversely, the yearly low was recorded on November 22, dropping to 0.0398.

This high-to-low spread represents a total annual volatility of 0.0448 AFN. From a start-to-finish perspective, comparing the January average rate of 0.0785 to the December average rate of 0.0442, the exchange rate registered a net change of -43.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0845 was down 57.61% compared to the 2023 peak of 0.1994, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 84,533 AFN

2023 Average 141,832 AFN

Yearly Trough Low 39,783 AFN

Transaction Impact: A difference of 44,750.20 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0823

0.0366

JanuMarcMayJulySeptNove

NGN to AFN 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 0.0560, compared to 0.0432 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0128 points.

H1 Avg (Jan–Jun) 0.0560

H2 Avg (Jul–Dec) 0.0432

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0380 AFN (High: 0.0832 / Low: 0.0451). On the other end, November was the most stable month, with a tight range of 0.0012 AFN (High: 0.0410 / Low: 0.0398).

February Spread (Volatile) ±0.0380

November Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0227 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0227

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0785) against the same month in 2023 (average: 0.1955), the exchange rate shifted by -0.1169 (-59.82%).

2024 Avg (January) 0.0785

2023 Avg (January) 0.1955

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0845	0.0733	0.0785
February	0.0832	0.0451	0.0559
March	0.0518	0.0449	0.0473
April	0.0601	0.0508	0.0562
May	0.0586	0.0474	0.0508
June	0.0505	0.0463	0.0473
July	0.0506	0.0425	0.0467
August	0.0451	0.0427	0.0444
September	0.0443	0.0408	0.0426
October	0.0423	0.0398	0.0410
November	0.0410	0.0398	0.0404
December	0.0455	0.0404	0.0442