2024 NGN to AOA Historical Review

YEARLY HIGH

0.9661 AOA

YEARLY LOW

0.5173 AOA

YEARLY AVERAGE

0.6086 AOA

2024 NGN to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.9661. Conversely, the yearly low was recorded on February 20, dropping to 0.5173.

This high-to-low spread represents a total annual volatility of 0.4487 AOA. From a start-to-finish perspective, comparing the January average rate of 0.9116 to the December average rate of 0.5816, the exchange rate registered a net change of -36.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9661 was down 36.11% compared to the 2023 peak of 1.5121, 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 966,085 AOA

2023 Average 1,091,400 AOA

Yearly Trough Low 517,338 AOA

Transaction Impact: A difference of 448,747.43 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9483

0.5081

JanuMarcMayJulySeptNove

NGN to AOA 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 0.6528, compared to 0.5643 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0885 points.

H1 Avg (Jan–Jun) 0.6528

H2 Avg (Jul–Dec) 0.5643

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.4026 AOA (High: 0.9199 / Low: 0.5173). On the other end, November was the most stable month, with a tight range of 0.0173 AOA (High: 0.5554 / Low: 0.5381).

February Spread (Volatile) ±0.4026

November Spread (Stable) ±0.0173

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 0.2780 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2780

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.9116) against the same month in 2023 (average: 1.1083), the exchange rate shifted by -0.1967 (-17.75%).

2024 Avg (January) 0.9116

2023 Avg (January) 1.1083

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9661	0.8650	0.9116
February	0.9199	0.5173	0.6337
March	0.5994	0.5190	0.5474
April	0.6972	0.5872	0.6544
May	0.6775	0.5528	0.5969
June	0.6071	0.5631	0.5730
July	0.6227	0.5256	0.5756
August	0.5742	0.5284	0.5572
September	0.5795	0.5604	0.5680
October	0.5715	0.5523	0.5587
November	0.5554	0.5381	0.5448
December	0.5941	0.5426	0.5816