2024 NGN to JOD Historical Review

YEARLY HIGH

0.0008 JOD

YEARLY LOW

0.0004 JOD

YEARLY AVERAGE

0.0005 JOD

2024 NGN to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0008. Conversely, the yearly low was recorded on November 22, dropping to 0.0004.

This high-to-low spread represents a total annual volatility of 0.0004 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0008 to the December average rate of 0.0005, the exchange rate registered a net change of -42.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0008 was down 47.95% compared to the 2023 peak of 0.0016, 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 826 JOD

2023 Average 1,197 JOD

Yearly Trough Low 418 JOD

Transaction Impact: A difference of 407.86 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0008

0.0004

JanuMarcMayJulySeptNove

NGN to JOD 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 0.0006, compared to 0.0004 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0006

H2 Avg (Jul–Dec) 0.0004

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0003 JOD (High: 0.0008 / Low: 0.0004). On the other end, October was the most stable month, with a tight range of 0.0000 JOD (High: 0.0004 / Low: 0.0004).

February Spread (Volatile) ±0.0003

October Spread (Stable) ±0.0000

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 0.0002 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0008) against the same month in 2023 (average: 0.0016), the exchange rate shifted by -0.0008 (-50.10%).

2024 Avg (January) 0.0008

2023 Avg (January) 0.0016

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0008	0.0007	0.0008
February	0.0008	0.0004	0.0005
March	0.0005	0.0004	0.0005
April	0.0006	0.0005	0.0006
May	0.0006	0.0005	0.0005
June	0.0005	0.0005	0.0005
July	0.0005	0.0004	0.0005
August	0.0004	0.0004	0.0004
September	0.0004	0.0004	0.0004
October	0.0004	0.0004	0.0004
November	0.0004	0.0004	0.0004
December	0.0005	0.0004	0.0005