2024 NGN to HKD Historical Review

YEARLY HIGH

0.0091 HKD

YEARLY LOW

0.0046 HKD

YEARLY AVERAGE

0.0055 HKD

2024 NGN to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0091. Conversely, the yearly low was recorded on November 22, dropping to 0.0046.

This high-to-low spread represents a total annual volatility of 0.0045 HKD. From a start-to-finish perspective, comparing the January average rate of 0.0086 to the December average rate of 0.0049, the exchange rate registered a net change of -42.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0091 was down 47.82% compared to the 2023 peak of 0.0174, 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 9,106 HKD

2023 Average 13,220 HKD

Yearly Trough Low 4,588 HKD

Transaction Impact: A difference of 4,517.86 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0090

0.0043

JanuMarcMayJulySeptNove

NGN to HKD 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 0.0061, compared to 0.0049 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0061

H2 Avg (Jul–Dec) 0.0049

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0038 HKD (High: 0.0086 / Low: 0.0049). On the other end, November was the most stable month, with a tight range of 0.0002 HKD (High: 0.0047 / Low: 0.0046).

February Spread (Volatile) ±0.0038

November Spread (Stable) ±0.0002

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 0.0026 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0086) against the same month in 2023 (average: 0.0172), the exchange rate shifted by -0.0086 (-50.12%).

2024 Avg (January) 0.0086

2023 Avg (January) 0.0172

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0091	0.0082	0.0086
February	0.0086	0.0049	0.0060
March	0.0056	0.0049	0.0051
April	0.0065	0.0055	0.0061
May	0.0063	0.0052	0.0055
June	0.0056	0.0051	0.0052
July	0.0056	0.0047	0.0052
August	0.0049	0.0047	0.0049
September	0.0049	0.0047	0.0048
October	0.0048	0.0046	0.0047
November	0.0047	0.0046	0.0046
December	0.0050	0.0046	0.0049