2024 NGN to BHD Historical Review

YEARLY HIGH

0.0004 BHD

YEARLY LOW

0.0002 BHD

YEARLY AVERAGE

0.0003 BHD

2024 NGN to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0004. Conversely, the yearly low was recorded on November 22, dropping to 0.0002.

This high-to-low spread represents a total annual volatility of 0.0002 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0004 to the December average rate of 0.0002, the exchange rate registered a net change of -41.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0004 was down 47.92% compared to the 2023 peak of 0.0008, 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 439 BHD

2023 Average 636 BHD

Yearly Trough Low 222 BHD

Transaction Impact: A difference of 216.74 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0004

0.0002

JanuMarcMayJulySeptNove

NGN to BHD 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 0.0003, compared to 0.0002 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0003

H2 Avg (Jul–Dec) 0.0002

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0002 BHD (High: 0.0004 / Low: 0.0002). On the other end, October was the most stable month, with a tight range of 0.0000 BHD (High: 0.0002 / Low: 0.0002).

February Spread (Volatile) ±0.0002

October Spread (Stable) ±0.0000

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 0.0001 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0004) against the same month in 2023 (average: 0.0008), the exchange rate shifted by -0.0004 (-50.10%).

2024 Avg (January) 0.0004

2023 Avg (January) 0.0008

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0004	0.0004	0.0004
February	0.0004	0.0002	0.0003
March	0.0003	0.0002	0.0002
April	0.0003	0.0003	0.0003
May	0.0003	0.0002	0.0003
June	0.0003	0.0002	0.0003
July	0.0003	0.0002	0.0002
August	0.0002	0.0002	0.0002
September	0.0002	0.0002	0.0002
October	0.0002	0.0002	0.0002
November	0.0002	0.0002	0.0002
December	0.0002	0.0002	0.0002