2024 NGN to BDT Historical Review

YEARLY HIGH

0.1277 BDT

YEARLY LOW

0.0681 BDT

YEARLY AVERAGE

0.0806 BDT

2024 NGN to BDT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.1277. Conversely, the yearly low was recorded on March 15, dropping to 0.0681.

This high-to-low spread represents a total annual volatility of 0.0596 BDT. From a start-to-finish perspective, comparing the January average rate of 0.1205 to the December average rate of 0.0761, the exchange rate registered a net change of -36.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1277 was down 46.31% compared to the 2023 peak of 0.2379, 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 127,743 BDT

2023 Average 181,601 BDT

Yearly Trough Low 68,125 BDT

Transaction Impact: A difference of 59,618.13 BDT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1254

0.0665

JanuMarcMayJulySeptNove

NGN to BDT 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 0.0870, compared to 0.0742 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0128 points.

H1 Avg (Jan–Jun) 0.0870

H2 Avg (Jul–Dec) 0.0742

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0541 BDT (High: 0.1224 / Low: 0.0683). On the other end, October was the most stable month, with a tight range of 0.0023 BDT (High: 0.0738 / Low: 0.0715).

February Spread (Volatile) ±0.0541

October Spread (Stable) ±0.0023

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 0.0368 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0368

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1205) against the same month in 2023 (average: 0.2305), the exchange rate shifted by -0.1101 (-47.75%).

2024 Avg (January) 0.1205

2023 Avg (January) 0.2305

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1277	0.1144	0.1205
February	0.1224	0.0683	0.0837
March	0.0787	0.0681	0.0720
April	0.0913	0.0772	0.0859
May	0.0889	0.0773	0.0813
June	0.0836	0.0774	0.0788
July	0.0836	0.0707	0.0776
August	0.0759	0.0707	0.0740
September	0.0752	0.0715	0.0732
October	0.0738	0.0715	0.0730
November	0.0727	0.0704	0.0714
December	0.0772	0.0709	0.0761