2024 NGN to MDL Historical Review

YEARLY HIGH

0.0205 MDL

YEARLY LOW

0.0104 MDL

YEARLY AVERAGE

0.0124 MDL

2024 NGN to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0205. Conversely, the yearly low was recorded on September 30, dropping to 0.0104.

This high-to-low spread represents a total annual volatility of 0.0101 MDL. From a start-to-finish perspective, comparing the January average rate of 0.0193 to the December average rate of 0.0117, the exchange rate registered a net change of -39.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0205 was down 52.10% compared to the 2023 peak of 0.0428, 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 20,510 MDL

2023 Average 30,663 MDL

Yearly Trough Low 10,397 MDL

Transaction Impact: A difference of 10,113.12 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0202

0.0098

JanuMarcMayJulySeptNove

NGN to MDL 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 0.0138, compared to 0.0111 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.0138

H2 Avg (Jul–Dec) 0.0111

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0086 MDL (High: 0.0197 / Low: 0.0111). On the other end, November was the most stable month, with a tight range of 0.0003 MDL (High: 0.0109 / Low: 0.0106).

February Spread (Volatile) ±0.0086

November Spread (Stable) ±0.0003

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 0.0058 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0193) against the same month in 2023 (average: 0.0418), the exchange rate shifted by -0.0224 (-53.71%).

2024 Avg (January) 0.0193

2023 Avg (January) 0.0418

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0205	0.0184	0.0193
February	0.0197	0.0111	0.0136
March	0.0126	0.0109	0.0116
April	0.0148	0.0124	0.0139
May	0.0143	0.0117	0.0125
June	0.0127	0.0116	0.0119
July	0.0127	0.0106	0.0117
August	0.0112	0.0107	0.0110
September	0.0109	0.0104	0.0106
October	0.0109	0.0104	0.0108
November	0.0109	0.0106	0.0108
December	0.0119	0.0109	0.0117