2024 NGN to AMD Historical Review

YEARLY HIGH

0.4708 AMD

YEARLY LOW

0.2297 AMD

YEARLY AVERAGE

0.2762 AMD

2024 NGN to AMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to AMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.4708. Conversely, the yearly low was recorded on November 22, dropping to 0.2297.

This high-to-low spread represents a total annual volatility of 0.2411 AMD. From a start-to-finish perspective, comparing the January average rate of 0.4443 to the December average rate of 0.2526, the exchange rate registered a net change of -43.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4708 was down 46.60% compared to the 2023 peak of 0.8817, 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 470,802 AMD

2023 Average 661,407 AMD

Yearly Trough Low 229,719 AMD

Transaction Impact: A difference of 241,082.55 AMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4655

0.2111

JanuMarcMayJulySeptNove

NGN to AMD 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 0.3096, compared to 0.2429 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0667 points.

H1 Avg (Jan–Jun) 0.3096

H2 Avg (Jul–Dec) 0.2429

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.2000 AMD (High: 0.4528 / Low: 0.2527). On the other end, November was the most stable month, with a tight range of 0.0059 AMD (High: 0.2356 / Low: 0.2297).

February Spread (Volatile) ±0.2000

November Spread (Stable) ±0.0059

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 0.1347 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1347

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.4443) against the same month in 2023 (average: 0.8701), the exchange rate shifted by -0.4259 (-48.94%).

2024 Avg (January) 0.4443

2023 Avg (January) 0.8701

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4708	0.4217	0.4443
February	0.4528	0.2527	0.3096
March	0.2840	0.2499	0.2626
April	0.3302	0.2768	0.3065
May	0.3143	0.2560	0.2746
June	0.2761	0.2557	0.2602
July	0.2762	0.2336	0.2562
August	0.2464	0.2334	0.2427
September	0.2438	0.2317	0.2371
October	0.2388	0.2316	0.2364
November	0.2356	0.2297	0.2323
December	0.2582	0.2350	0.2526