2024 NGN to KPW Historical Review

YEARLY HIGH

1.0477 KPW

YEARLY LOW

0.5304 KPW

YEARLY AVERAGE

0.6316 KPW

2024 NGN to KPW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 1.0477. Conversely, the yearly low was recorded on November 22, dropping to 0.5304.

This high-to-low spread represents a total annual volatility of 0.5172 KPW. From a start-to-finish perspective, comparing the January average rate of 0.9880 to the December average rate of 0.5731, the exchange rate registered a net change of -41.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0477 was down 47.95% compared to the 2023 peak of 2.0127, 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 1,047,657 KPW

2023 Average 1,519,175 KPW

Yearly Trough Low 530,441 KPW

Transaction Impact: A difference of 517,215.30 KPW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0330

0.4925

JanuMarcMayJulySeptNove

NGN to KPW 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 0.7017, compared to 0.5615 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1402 points.

H1 Avg (Jan–Jun) 0.7017

H2 Avg (Jul–Dec) 0.5615

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.4344 KPW (High: 0.9945 / Low: 0.5600). On the other end, October was the most stable month, with a tight range of 0.0170 KPW (High: 0.5557 / Low: 0.5387).

February Spread (Volatile) ±0.4344

October Spread (Stable) ±0.0170

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 0.3018 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.3018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.9880) against the same month in 2023 (average: 1.9799), the exchange rate shifted by -0.9919 (-50.10%).

2024 Avg (January) 0.9880

2023 Avg (January) 1.9799

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0477	0.9394	0.9880
February	0.9945	0.5600	0.6862
March	0.6452	0.5586	0.5904
April	0.7493	0.6334	0.7049
May	0.7287	0.5945	0.6374
June	0.6401	0.5928	0.6034
July	0.6401	0.5417	0.5943
August	0.5713	0.5418	0.5638
September	0.5661	0.5391	0.5509
October	0.5557	0.5387	0.5494
November	0.5484	0.5304	0.5376
December	0.5824	0.5353	0.5731