2024 NGN to KMF Historical Review

YEARLY HIGH

0.5274 KMF

YEARLY LOW

0.2647 KMF

YEARLY AVERAGE

0.3194 KMF

2024 NGN to KMF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to KMF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.5274. Conversely, the yearly low was recorded on September 28, dropping to 0.2647.

This high-to-low spread represents a total annual volatility of 0.2627 KMF. From a start-to-finish perspective, comparing the January average rate of 0.4955 to the December average rate of 0.2993, the exchange rate registered a net change of -39.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5274 was down 49.47% compared to the 2023 peak of 1.0437, 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 527,379 KMF

2023 Average 769,173 KMF

Yearly Trough Low 264,686 KMF

Transaction Impact: A difference of 262,693.15 KMF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5179

0.2491

JanuMarcMayJulySeptNove

NGN to KMF 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 0.3549, compared to 0.2839 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0710 points.

H1 Avg (Jan–Jun) 0.3549

H2 Avg (Jul–Dec) 0.2839

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.2235 KMF (High: 0.5066 / Low: 0.2831). On the other end, August was the most stable month, with a tight range of 0.0102 KMF (High: 0.2850 / Low: 0.2749).

February Spread (Volatile) ±0.2235

August Spread (Stable) ±0.0102

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 0.1478 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1478

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.4955) against the same month in 2023 (average: 1.0055), the exchange rate shifted by -0.5100 (-50.72%).

2024 Avg (January) 0.4955

2023 Avg (January) 1.0055

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5274	0.4693	0.4955
February	0.5066	0.2831	0.3477
March	0.3261	0.2797	0.2973
April	0.3860	0.3227	0.3595
May	0.3718	0.2990	0.3229
June	0.3271	0.2997	0.3064
July	0.3236	0.2730	0.2999
August	0.2850	0.2749	0.2802
September	0.2807	0.2647	0.2715
October	0.2782	0.2666	0.2757
November	0.2801	0.2692	0.2766
December	0.3067	0.2777	0.2993