2024 NGN to BWP Historical Review

YEARLY HIGH

0.0159 BWP

YEARLY LOW

0.0078 BWP

YEARLY AVERAGE

0.0095 BWP

2024 NGN to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0159. Conversely, the yearly low was recorded on September 30, dropping to 0.0078.

This high-to-low spread represents a total annual volatility of 0.0081 BWP. From a start-to-finish perspective, comparing the January average rate of 0.0149 to the December average rate of 0.0087, the exchange rate registered a net change of -41.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0159 was down 46.79% compared to the 2023 peak of 0.0299, 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 15,913 BWP

2023 Average 22,468 BWP

Yearly Trough Low 7,798 BWP

Transaction Impact: A difference of 8,115.01 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0156

0.0074

JanuMarcMayJulySeptNove

NGN to BWP 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 0.0106, compared to 0.0084 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.0106

H2 Avg (Jul–Dec) 0.0084

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0066 BWP (High: 0.0152 / Low: 0.0085). On the other end, November was the most stable month, with a tight range of 0.0003 BWP (High: 0.0082 / Low: 0.0079).

February Spread (Volatile) ±0.0066

November Spread (Stable) ±0.0003

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 0.0045 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0149) against the same month in 2023 (average: 0.0281), the exchange rate shifted by -0.0132 (-46.95%).

2024 Avg (January) 0.0149

2023 Avg (January) 0.0281

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0159	0.0141	0.0149
February	0.0152	0.0085	0.0104
March	0.0098	0.0084	0.0090
April	0.0115	0.0097	0.0108
May	0.0111	0.0090	0.0096
June	0.0097	0.0089	0.0091
July	0.0096	0.0081	0.0089
August	0.0086	0.0082	0.0084
September	0.0084	0.0078	0.0081
October	0.0082	0.0078	0.0081
November	0.0082	0.0079	0.0081
December	0.0090	0.0081	0.0087