2024 NGN to PKR Historical Review

YEARLY HIGH

0.3259 PKR

YEARLY LOW

0.1637 PKR

YEARLY AVERAGE

0.1955 PKR

2024 NGN to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.3259. Conversely, the yearly low was recorded on November 22, dropping to 0.1637.

This high-to-low spread represents a total annual volatility of 0.1621 PKR. From a start-to-finish perspective, comparing the January average rate of 0.3073 to the December average rate of 0.1771, the exchange rate registered a net change of -42.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3259 was down 49.07% compared to the 2023 peak of 0.6398, 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 325,862 PKR

2023 Average 468,359 PKR

Yearly Trough Low 163,730 PKR

Transaction Impact: A difference of 162,132.85 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3214

0.1519

JanuMarcMayJulySeptNove

NGN to PKR 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 0.2174, compared to 0.1735 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0439 points.

H1 Avg (Jan–Jun) 0.2174

H2 Avg (Jul–Dec) 0.1735

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.1351 PKR (High: 0.3090 / Low: 0.1739). On the other end, October was the most stable month, with a tight range of 0.0053 PKR (High: 0.1714 / Low: 0.1661).

February Spread (Volatile) ±0.1351

October Spread (Stable) ±0.0053

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 0.0946 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0946

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.3073) against the same month in 2023 (average: 0.5141), the exchange rate shifted by -0.2068 (-40.22%).

2024 Avg (January) 0.3073

2023 Avg (January) 0.5141

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3259	0.2894	0.3073
February	0.3090	0.1739	0.2127
March	0.1993	0.1731	0.1828
April	0.2318	0.1955	0.2178
May	0.2255	0.1839	0.1971
June	0.1981	0.1835	0.1867
July	0.1981	0.1676	0.1838
August	0.1769	0.1677	0.1744
September	0.1753	0.1664	0.1703
October	0.1714	0.1661	0.1696
November	0.1691	0.1637	0.1660
December	0.1800	0.1651	0.1771