2024 NGN to GYD Historical Review

YEARLY HIGH

0.2437 GYD

YEARLY LOW

0.1233 GYD

YEARLY AVERAGE

0.1468 GYD

2024 NGN to GYD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to GYD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.2437. Conversely, the yearly low was recorded on November 26, dropping to 0.1233.

This high-to-low spread represents a total annual volatility of 0.1205 GYD. From a start-to-finish perspective, comparing the January average rate of 0.2297 to the December average rate of 0.1332, the exchange rate registered a net change of -42.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2437 was down 47.91% compared to the 2023 peak of 0.4679, 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 243,726 GYD

2023 Average 355,015 GYD

Yearly Trough Low 123,265 GYD

Transaction Impact: A difference of 120,460.29 GYD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2402

0.1145

JanuMarcMayJulySeptNove

NGN to GYD 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 0.1632, compared to 0.1305 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0327 points.

H1 Avg (Jan–Jun) 0.1632

H2 Avg (Jul–Dec) 0.1305

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.1031 GYD (High: 0.2333 / Low: 0.1302). On the other end, October was the most stable month, with a tight range of 0.0040 GYD (High: 0.1292 / Low: 0.1251).

February Spread (Volatile) ±0.1031

October Spread (Stable) ±0.0040

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 0.0701 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0701

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.2297) against the same month in 2023 (average: 0.4613), the exchange rate shifted by -0.2316 (-50.20%).

2024 Avg (January) 0.2297

2023 Avg (January) 0.4613

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2437	0.2183	0.2297
February	0.2333	0.1302	0.1596
March	0.1501	0.1300	0.1373
April	0.1742	0.1473	0.1639
May	0.1695	0.1383	0.1482
June	0.1489	0.1377	0.1403
July	0.1489	0.1259	0.1381
August	0.1329	0.1258	0.1309
September	0.1316	0.1252	0.1281
October	0.1292	0.1251	0.1278
November	0.1275	0.1233	0.1250
December	0.1352	0.1242	0.1332