2024 NGN to NPR Historical Review

YEARLY HIGH

0.1551 NPR

YEARLY LOW

0.0795 NPR

YEARLY AVERAGE

0.0939 NPR

2024 NGN to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.1551. Conversely, the yearly low was recorded on November 26, dropping to 0.0795.

This high-to-low spread represents a total annual volatility of 0.0756 NPR. From a start-to-finish perspective, comparing the January average rate of 0.1460 to the December average rate of 0.0865, the exchange rate registered a net change of -40.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1551 was down 47.62% compared to the 2023 peak of 0.2960, 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 155,051 NPR

2023 Average 222,691 NPR

Yearly Trough Low 79,463 NPR

Transaction Impact: A difference of 75,588.62 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1525

0.0741

JanuMarcMayJulySeptNove

NGN to NPR 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 0.1038, compared to 0.0839 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0199 points.

H1 Avg (Jan–Jun) 0.1038

H2 Avg (Jul–Dec) 0.0839

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0653 NPR (High: 0.1479 / Low: 0.0826). On the other end, November was the most stable month, with a tight range of 0.0025 NPR (High: 0.0819 / Low: 0.0795).

February Spread (Volatile) ±0.0653

November Spread (Stable) ±0.0025

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 0.0447 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0447

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1460) against the same month in 2023 (average: 0.2880), the exchange rate shifted by -0.1421 (-49.32%).

2024 Avg (January) 0.1460

2023 Avg (January) 0.2880

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1551	0.1383	0.1460
February	0.1479	0.0826	0.1013
March	0.0956	0.0823	0.0871
April	0.1113	0.0938	0.1044
May	0.1082	0.0881	0.0945
June	0.0948	0.0880	0.0895
July	0.0952	0.0805	0.0883
August	0.0853	0.0806	0.0840
September	0.0845	0.0801	0.0821
October	0.0829	0.0803	0.0821
November	0.0819	0.0795	0.0806
December	0.0884	0.0803	0.0865