2024 NGN to MOP Historical Review

YEARLY HIGH

0.0094 MOP

YEARLY LOW

0.0047 MOP

YEARLY AVERAGE

0.0056 MOP

2024 NGN to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0094. Conversely, the yearly low was recorded on November 26, dropping to 0.0047.

This high-to-low spread represents a total annual volatility of 0.0047 MOP. From a start-to-finish perspective, comparing the January average rate of 0.0088 to the December average rate of 0.0051, the exchange rate registered a net change of -42.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0094 was down 47.79% compared to the 2023 peak of 0.0180, 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 9,381 MOP

2023 Average 13,611 MOP

Yearly Trough Low 4,723 MOP

Transaction Impact: A difference of 4,658.50 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0092

0.0044

JanuMarcMayJulySeptNove

NGN to MOP 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 0.0063, compared to 0.0050 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0063

H2 Avg (Jul–Dec) 0.0050

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0040 MOP (High: 0.0090 / Low: 0.0050). On the other end, November was the most stable month, with a tight range of 0.0002 MOP (High: 0.0049 / Low: 0.0047).

February Spread (Volatile) ±0.0040

November Spread (Stable) ±0.0002

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 0.0027 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0088) against the same month in 2023 (average: 0.0177), the exchange rate shifted by -0.0089 (-50.13%).

2024 Avg (January) 0.0088

2023 Avg (January) 0.0177

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0094	0.0084	0.0088
February	0.0090	0.0050	0.0061
March	0.0058	0.0050	0.0053
April	0.0067	0.0057	0.0063
May	0.0065	0.0053	0.0057
June	0.0057	0.0053	0.0054
July	0.0057	0.0048	0.0053
August	0.0051	0.0048	0.0050
September	0.0051	0.0048	0.0049
October	0.0049	0.0048	0.0049
November	0.0049	0.0047	0.0048
December	0.0052	0.0048	0.0051