2024 NGN to PLN Historical Review

YEARLY HIGH

0.0051 PLN

YEARLY LOW

0.0023 PLN

YEARLY AVERAGE

0.0028 PLN

2024 NGN to PLN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to PLN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0051. Conversely, the yearly low was recorded on September 29, dropping to 0.0023.

This high-to-low spread represents a total annual volatility of 0.0028 PLN. From a start-to-finish perspective, comparing the January average rate of 0.0044 to the December average rate of 0.0026, the exchange rate registered a net change of -41.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0051 was down 48.36% compared to the 2023 peak of 0.0099, 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 5,124 PLN

2023 Average 7,127 PLN

Yearly Trough Low 2,295 PLN

Transaction Impact: A difference of 2,828.92 PLN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0046

0.0022

JanuMarcMayJulySeptNove

NGN to PLN 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 0.0031, compared to 0.0025 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0031

H2 Avg (Jul–Dec) 0.0025

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0020 PLN (High: 0.0045 / Low: 0.0025). On the other end, November was the most stable month, with a tight range of 0.0001 PLN (High: 0.0025 / Low: 0.0024).

February Spread (Volatile) ±0.0020

November Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0014 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0044) against the same month in 2023 (average: 0.0095), the exchange rate shifted by -0.0051 (-53.73%).

2024 Avg (January) 0.0044

2023 Avg (January) 0.0095

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0051	0.0042	0.0044
February	0.0045	0.0025	0.0031
March	0.0029	0.0024	0.0026
April	0.0034	0.0028	0.0031
May	0.0033	0.0026	0.0028
June	0.0029	0.0026	0.0027
July	0.0028	0.0024	0.0026
August	0.0025	0.0024	0.0024
September	0.0024	0.0023	0.0024
October	0.0025	0.0023	0.0024
November	0.0025	0.0024	0.0024
December	0.0027	0.0024	0.0026