2024 NGN to RON Historical Review

YEARLY HIGH

0.0053 RON

YEARLY LOW

0.0027 RON

YEARLY AVERAGE

0.0032 RON

2024 NGN to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0053. Conversely, the yearly low was recorded on September 29, dropping to 0.0027.

This high-to-low spread represents a total annual volatility of 0.0026 RON. From a start-to-finish perspective, comparing the January average rate of 0.0050 to the December average rate of 0.0030, the exchange rate registered a net change of -39.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0053 was down 49.08% compared to the 2023 peak of 0.0105, 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 5,322 RON

2023 Average 7,718 RON

Yearly Trough Low 2,672 RON

Transaction Impact: A difference of 2,649.90 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0052

0.0025

JanuMarcMayJulySeptNove

NGN to RON 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 0.0036, compared to 0.0029 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0036

H2 Avg (Jul–Dec) 0.0029

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0023 RON (High: 0.0051 / Low: 0.0029). On the other end, November was the most stable month, with a tight range of 0.0001 RON (High: 0.0028 / Low: 0.0027).

February Spread (Volatile) ±0.0023

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 0.0015 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0050) against the same month in 2023 (average: 0.0100), the exchange rate shifted by -0.0050 (-50.19%).

2024 Avg (January) 0.0050

2023 Avg (January) 0.0100

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0053	0.0047	0.0050
February	0.0051	0.0029	0.0035
March	0.0033	0.0028	0.0030
April	0.0039	0.0033	0.0036
May	0.0038	0.0030	0.0033
June	0.0033	0.0030	0.0031
July	0.0033	0.0028	0.0030
August	0.0029	0.0028	0.0028
September	0.0028	0.0027	0.0027
October	0.0028	0.0027	0.0028
November	0.0028	0.0027	0.0028
December	0.0031	0.0028	0.0030