2024 NGN to DKK Historical Review

YEARLY HIGH

0.0080 DKK

YEARLY LOW

0.0040 DKK

YEARLY AVERAGE

0.0048 DKK

2024 NGN to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0080. Conversely, the yearly low was recorded on September 28, dropping to 0.0040.

This high-to-low spread represents a total annual volatility of 0.0040 DKK. From a start-to-finish perspective, comparing the January average rate of 0.0075 to the December average rate of 0.0045, the exchange rate registered a net change of -39.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0080 was down 49.40% compared to the 2023 peak of 0.0158, 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 7,976 DKK

2023 Average 11,633 DKK

Yearly Trough Low 4,003 DKK

Transaction Impact: A difference of 3,972.43 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0078

0.0038

JanuMarcMayJulySeptNove

NGN to DKK 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 0.0054, compared to 0.0043 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0054

H2 Avg (Jul–Dec) 0.0043

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0034 DKK (High: 0.0077 / Low: 0.0043). On the other end, November was the most stable month, with a tight range of 0.0001 DKK (High: 0.0042 / Low: 0.0041).

February Spread (Volatile) ±0.0034

November Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0022 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0075) against the same month in 2023 (average: 0.0152), the exchange rate shifted by -0.0077 (-50.55%).

2024 Avg (January) 0.0075

2023 Avg (January) 0.0152

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0080	0.0071	0.0075
February	0.0077	0.0043	0.0053
March	0.0050	0.0042	0.0045
April	0.0058	0.0049	0.0055
May	0.0056	0.0045	0.0049
June	0.0050	0.0046	0.0046
July	0.0049	0.0041	0.0045
August	0.0043	0.0042	0.0042
September	0.0042	0.0040	0.0041
October	0.0042	0.0040	0.0042
November	0.0042	0.0041	0.0042
December	0.0047	0.0042	0.0045