2024 NGN to BTN Historical Review

YEARLY HIGH

0.0969 BTN

YEARLY LOW

0.0497 BTN

YEARLY AVERAGE

0.0587 BTN

2024 NGN to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0969. Conversely, the yearly low was recorded on November 26, dropping to 0.0497.

This high-to-low spread represents a total annual volatility of 0.0472 BTN. From a start-to-finish perspective, comparing the January average rate of 0.0912 to the December average rate of 0.0541, the exchange rate registered a net change of -40.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0969 was down 47.62% compared to the 2023 peak of 0.1850, 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 96,907 BTN

2023 Average 139,182 BTN

Yearly Trough Low 49,664 BTN

Transaction Impact: A difference of 47,242.88 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0953

0.0463

JanuMarcMayJulySeptNove

NGN to BTN 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 0.0649, compared to 0.0525 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0124 points.

H1 Avg (Jan–Jun) 0.0649

H2 Avg (Jul–Dec) 0.0525

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0408 BTN (High: 0.0924 / Low: 0.0516). On the other end, November was the most stable month, with a tight range of 0.0015 BTN (High: 0.0512 / Low: 0.0497).

February Spread (Volatile) ±0.0408

November Spread (Stable) ±0.0015

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 0.0279 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0279

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0912) against the same month in 2023 (average: 0.1800), the exchange rate shifted by -0.0888 (-49.32%).

2024 Avg (January) 0.0912

2023 Avg (January) 0.1800

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0969	0.0864	0.0912
February	0.0924	0.0516	0.0633
March	0.0597	0.0514	0.0544
April	0.0696	0.0586	0.0653
May	0.0676	0.0551	0.0590
June	0.0594	0.0550	0.0560
July	0.0595	0.0503	0.0552
August	0.0533	0.0504	0.0525
September	0.0528	0.0500	0.0513
October	0.0518	0.0502	0.0513
November	0.0512	0.0497	0.0504
December	0.0553	0.0502	0.0541