2024 NGN to JPY Historical Review

YEARLY HIGH

0.1724 JPY

YEARLY LOW

0.0852 JPY

YEARLY AVERAGE

0.1062 JPY

2024 NGN to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.1724. Conversely, the yearly low was recorded on September 28, dropping to 0.0852.

This high-to-low spread represents a total annual volatility of 0.0872 JPY. From a start-to-finish perspective, comparing the January average rate of 0.1605 to the December average rate of 0.0981, the exchange rate registered a net change of -38.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1724 was down 43.61% compared to the 2023 peak of 0.3058, 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 172,441 JPY

2023 Average 234,567 JPY

Yearly Trough Low 85,200 JPY

Transaction Impact: A difference of 87,240.41 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1678

0.0803

JanuMarcMayJulySeptNove

NGN to JPY 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 0.1183, compared to 0.0941 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0242 points.

H1 Avg (Jan–Jun) 0.1183

H2 Avg (Jul–Dec) 0.0941

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0709 JPY (High: 0.1643 / Low: 0.0934). On the other end, November was the most stable month, with a tight range of 0.0043 JPY (High: 0.0932 / Low: 0.0889).

February Spread (Volatile) ±0.0709

November Spread (Stable) ±0.0043

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0466 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0466

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1605) against the same month in 2023 (average: 0.2864), the exchange rate shifted by -0.1259 (-43.97%).

2024 Avg (January) 0.1605

2023 Avg (January) 0.2864

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1724	0.1513	0.1605
February	0.1643	0.0934	0.1139
March	0.1086	0.0917	0.0983
April	0.1288	0.1067	0.1206
May	0.1246	0.1020	0.1103
June	0.1145	0.1038	0.1060
July	0.1149	0.0902	0.1041
August	0.0937	0.0894	0.0916
September	0.0923	0.0852	0.0876
October	0.0932	0.0862	0.0915
November	0.0932	0.0889	0.0916
December	0.1021	0.0891	0.0981