2024 NGN to KHR Historical Review

YEARLY HIGH

4.7540 KHR

YEARLY LOW

2.3763 KHR

YEARLY AVERAGE

2.8580 KHR

2024 NGN to KHR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to KHR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 4.7540. Conversely, the yearly low was recorded on November 26, dropping to 2.3763.

This high-to-low spread represents a total annual volatility of 2.3776 KHR. From a start-to-finish perspective, comparing the January average rate of 4.4851 to the December average rate of 2.5613, the exchange rate registered a net change of -42.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 4.7540 was down 48.38% compared to the 2023 peak of 9.2089, 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 4,753,959 KHR

2023 Average 6,927,579 KHR

Yearly Trough Low 2,376,336 KHR

Transaction Impact: A difference of 2,377,622.79 KHR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

4.6916

2.2133

JanuMarcMayJulySeptNove

NGN to KHR 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 3.1786, compared to 2.5375 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6411 points.

H1 Avg (Jan–Jun) 3.1786

H2 Avg (Jul–Dec) 2.5375

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 2.0078 KHR (High: 4.5467 / Low: 2.5389). On the other end, October was the most stable month, with a tight range of 0.0746 KHR (High: 2.5105 / Low: 2.4359).

February Spread (Volatile) ±2.0078

October Spread (Stable) ±0.0746

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 1.3721 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.3721

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 4.4851) against the same month in 2023 (average: 9.0514), the exchange rate shifted by -4.5663 (-50.45%).

2024 Avg (January) 4.4851

2023 Avg (January) 9.0514

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.7540	4.2555	4.4851
February	4.5467	2.5389	3.1130
March	2.8989	2.5138	2.6570
April	3.3660	2.8446	3.1717
May	3.2992	2.6933	2.8854
June	2.9237	2.7115	2.7596
July	2.9304	2.4708	2.7130
August	2.5971	2.4731	2.5598
September	2.5551	2.4349	2.4891
October	2.5105	2.4359	2.4818
November	2.4826	2.3763	2.4198
December	2.5995	2.3932	2.5613