2024 NGN to DZD Historical Review

YEARLY HIGH

0.1568 DZD

YEARLY LOW

0.0790 DZD

YEARLY AVERAGE

0.0942 DZD

2024 NGN to DZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to DZD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.1568. Conversely, the yearly low was recorded on November 27, dropping to 0.0790.

This high-to-low spread represents a total annual volatility of 0.0778 DZD. From a start-to-finish perspective, comparing the January average rate of 0.1477 to the December average rate of 0.0855, the exchange rate registered a net change of -42.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1568 was down 48.97% compared to the 2023 peak of 0.3073, 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 156,809 DZD

2023 Average 229,540 DZD

Yearly Trough Low 79,004 DZD

Transaction Impact: A difference of 77,805.54 DZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1545

0.0729

JanuMarcMayJulySeptNove

NGN to DZD 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 0.1049, compared to 0.0834 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0215 points.

H1 Avg (Jan–Jun) 0.1049

H2 Avg (Jul–Dec) 0.0834

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0660 DZD (High: 0.1497 / Low: 0.0837). On the other end, November was the most stable month, with a tight range of 0.0022 DZD (High: 0.0812 / Low: 0.0790).

February Spread (Volatile) ±0.0660

November Spread (Stable) ±0.0022

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 0.0450 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0450

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1477) against the same month in 2023 (average: 0.3001), the exchange rate shifted by -0.1524 (-50.79%).

2024 Avg (January) 0.1477

2023 Avg (January) 0.3001

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1568	0.1405	0.1477
February	0.1497	0.0837	0.1026
March	0.0965	0.0834	0.0883
April	0.1122	0.0951	0.1054
May	0.1090	0.0887	0.0953
June	0.0958	0.0886	0.0902
July	0.0957	0.0810	0.0887
August	0.0852	0.0811	0.0841
September	0.0841	0.0792	0.0811
October	0.0821	0.0795	0.0814
November	0.0812	0.0790	0.0797
December	0.0877	0.0793	0.0855