2024 NGN to ALL Historical Review

YEARLY HIGH

0.1111 ALL

YEARLY LOW

0.0529 ALL

YEARLY AVERAGE

0.0655 ALL

2024 NGN to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.1111. Conversely, the yearly low was recorded on September 30, dropping to 0.0529.

This high-to-low spread represents a total annual volatility of 0.0582 ALL. From a start-to-finish perspective, comparing the January average rate of 0.1045 to the December average rate of 0.0598, the exchange rate registered a net change of -42.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1111 was down 54.89% compared to the 2023 peak of 0.2463, 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 111,120 ALL

2023 Average 171,594 ALL

Yearly Trough Low 52,885 ALL

Transaction Impact: A difference of 58,234.87 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1095

0.0498

JanuMarcMayJulySeptNove

NGN to ALL 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 0.0738, compared to 0.0571 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0167 points.

H1 Avg (Jan–Jun) 0.0738

H2 Avg (Jul–Dec) 0.0571

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0475 ALL (High: 0.1072 / Low: 0.0596). On the other end, November was the most stable month, with a tight range of 0.0017 ALL (High: 0.0558 / Low: 0.0541).

February Spread (Volatile) ±0.0475

November Spread (Stable) ±0.0017

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 0.0311 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0311

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1045) against the same month in 2023 (average: 0.2375), the exchange rate shifted by -0.1329 (-55.98%).

2024 Avg (January) 0.1045

2023 Avg (January) 0.2375

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1111	0.0988	0.1045
February	0.1072	0.0596	0.0734
March	0.0686	0.0588	0.0624
April	0.0792	0.0670	0.0741
May	0.0760	0.0610	0.0659
June	0.0666	0.0614	0.0625
July	0.0660	0.0557	0.0611
August	0.0580	0.0558	0.0568
September	0.0569	0.0529	0.0548
October	0.0558	0.0533	0.0553
November	0.0558	0.0541	0.0551
December	0.0612	0.0553	0.0598