2024 NGN to DOP Historical Review

YEARLY HIGH

0.0683 DOP

YEARLY LOW

0.0356 DOP

YEARLY AVERAGE

0.0417 DOP

2024 NGN to DOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to DOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0683. Conversely, the yearly low was recorded on November 24, dropping to 0.0356.

This high-to-low spread represents a total annual volatility of 0.0327 DOP. From a start-to-finish perspective, comparing the January average rate of 0.0643 to the December average rate of 0.0387, the exchange rate registered a net change of -39.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0683 was down 45.73% compared to the 2023 peak of 0.1258, 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 68,278 DOP

2023 Average 94,232 DOP

Yearly Trough Low 35,583 DOP

Transaction Impact: A difference of 32,694.77 DOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0672

0.0332

JanuMarcMayJulySeptNove

NGN to DOP 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 0.0459, compared to 0.0374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0084 points.

H1 Avg (Jan–Jun) 0.0459

H2 Avg (Jul–Dec) 0.0374

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0286 DOP (High: 0.0651 / Low: 0.0365). On the other end, October was the most stable month, with a tight range of 0.0010 DOP (High: 0.0373 / Low: 0.0362).

February Spread (Volatile) ±0.0286

October Spread (Stable) ±0.0010

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 0.0196 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0196

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0643) against the same month in 2023 (average: 0.1245), the exchange rate shifted by -0.0602 (-48.33%).

2024 Avg (January) 0.0643

2023 Avg (January) 0.1245

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0683	0.0611	0.0643
February	0.0651	0.0365	0.0448
March	0.0424	0.0367	0.0387
April	0.0494	0.0417	0.0463
May	0.0470	0.0386	0.0414
June	0.0420	0.0389	0.0397
July	0.0421	0.0357	0.0391
August	0.0380	0.0358	0.0373
September	0.0375	0.0361	0.0367
October	0.0373	0.0362	0.0368
November	0.0368	0.0356	0.0360
December	0.0394	0.0359	0.0387