2024 NGN to CRC Historical Review

YEARLY HIGH

0.6058 CRC

YEARLY LOW

0.3004 CRC

YEARLY AVERAGE

0.3617 CRC

2024 NGN to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.6058. Conversely, the yearly low was recorded on November 22, dropping to 0.3004.

This high-to-low spread represents a total annual volatility of 0.3054 CRC. From a start-to-finish perspective, comparing the January average rate of 0.5675 to the December average rate of 0.3221, the exchange rate registered a net change of -43.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6058 was down 54.22% compared to the 2023 peak of 1.3233, 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 605,832 CRC

2023 Average 917,901 CRC

Yearly Trough Low 300,437 CRC

Transaction Impact: A difference of 305,395.46 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5937

0.2787

JanuMarcMayJulySeptNove

NGN to CRC 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 0.4007, compared to 0.3228 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0780 points.

H1 Avg (Jan–Jun) 0.4007

H2 Avg (Jul–Dec) 0.3228

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.2542 CRC (High: 0.5744 / Low: 0.3202). On the other end, October was the most stable month, with a tight range of 0.0118 CRC (High: 0.3209 / Low: 0.3091).

February Spread (Volatile) ±0.2542

October Spread (Stable) ±0.0118

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 0.1741 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1741

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.5675) against the same month in 2023 (average: 1.2646), the exchange rate shifted by -0.6971 (-55.12%).

2024 Avg (January) 0.5675

2023 Avg (January) 1.2646

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6058	0.5381	0.5675
February	0.5744	0.3202	0.3934
March	0.3613	0.3164	0.3335
April	0.4221	0.3538	0.3948
May	0.4143	0.3381	0.3630
June	0.3721	0.3447	0.3523
July	0.3805	0.3185	0.3477
August	0.3341	0.3144	0.3287
September	0.3265	0.3110	0.3180
October	0.3209	0.3091	0.3152
November	0.3124	0.3004	0.3050
December	0.3290	0.3017	0.3221