2024 NGN to ARS Historical Review

YEARLY HIGH

0.9530 ARS

YEARLY LOW

0.5212 ARS

YEARLY AVERAGE

0.6361 ARS

2024 NGN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.9530. Conversely, the yearly low was recorded on February 20, dropping to 0.5212.

This high-to-low spread represents a total annual volatility of 0.4317 ARS. From a start-to-finish perspective, comparing the January average rate of 0.8976 to the December average rate of 0.6495, the exchange rate registered a net change of -27.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9530 was down 9.77% compared to the 2023 peak of 1.0562, 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 952,960 ARS

2023 Average 462,164 ARS

Yearly Trough Low 521,227 ARS

Transaction Impact: A difference of 431,733.73 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9316

0.5241

JanuMarcMayJulySeptNove

NGN to ARS 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 0.6673, compared to 0.6050 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0623 points.

H1 Avg (Jan–Jun) 0.6673

H2 Avg (Jul–Dec) 0.6050

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.4012 ARS (High: 0.9225 / Low: 0.5212). On the other end, November was the most stable month, with a tight range of 0.0152 ARS (High: 0.6039 / Low: 0.5887).

February Spread (Volatile) ±0.4012

November Spread (Stable) ±0.0152

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 0.2622 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2622

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.8976) against the same month in 2023 (average: 0.4004), the exchange rate shifted by +0.4972 (+124.16%).

2024 Avg (January) 0.8976

2023 Avg (January) 0.4004

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9530	0.8511	0.8976
February	0.9225	0.5212	0.6354
March	0.6144	0.5278	0.5581
April	0.7232	0.6064	0.6797
May	0.7127	0.5854	0.6270
June	0.6476	0.5956	0.6058
July	0.6577	0.5593	0.6086
August	0.6001	0.5609	0.5893
September	0.5998	0.5786	0.5878
October	0.6029	0.5807	0.5978
November	0.6039	0.5887	0.5969
December	0.6664	0.6014	0.6495