2024 NGN to AUD Historical Review

YEARLY HIGH

0.0018 AUD

YEARLY LOW

0.0009 AUD

YEARLY AVERAGE

0.0011 AUD

2024 NGN to AUD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to AUD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0018. Conversely, the yearly low was recorded on September 30, dropping to 0.0009.

This high-to-low spread represents a total annual volatility of 0.0009 AUD. From a start-to-finish perspective, comparing the January average rate of 0.0017 to the December average rate of 0.0010, the exchange rate registered a net change of -39.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0018 was down 46.78% compared to the 2023 peak of 0.0033, 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 1,777 AUD

2023 Average 2,531 AUD

Yearly Trough Low 866 AUD

Transaction Impact: A difference of 910.41 AUD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0017

0.0008

JanuMarcMayJulySeptNove

NGN to AUD 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 0.0012, compared to 0.0009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0012

H2 Avg (Jul–Dec) 0.0009

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0008 AUD (High: 0.0017 / Low: 0.0009). On the other end, November was the most stable month, with a tight range of 0.0000 AUD (High: 0.0009 / Low: 0.0009).

February Spread (Volatile) ±0.0008

November Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0017) against the same month in 2023 (average: 0.0032), the exchange rate shifted by -0.0015 (-47.75%).

2024 Avg (January) 0.0017

2023 Avg (January) 0.0032

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0018	0.0016	0.0017
February	0.0017	0.0009	0.0012
March	0.0011	0.0009	0.0010
April	0.0013	0.0011	0.0012
May	0.0012	0.0010	0.0011
June	0.0011	0.0010	0.0010
July	0.0011	0.0009	0.0010
August	0.0010	0.0009	0.0009
September	0.0009	0.0009	0.0009
October	0.0009	0.0009	0.0009
November	0.0009	0.0009	0.0009
December	0.0010	0.0009	0.0010