2024 NGN to RSD Historical Review

YEARLY HIGH

0.1254 RSD

YEARLY LOW

0.0628 RSD

YEARLY AVERAGE

0.0760 RSD

2024 NGN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.1254. Conversely, the yearly low was recorded on September 28, dropping to 0.0628.

This high-to-low spread represents a total annual volatility of 0.0626 RSD. From a start-to-finish perspective, comparing the January average rate of 0.1180 to the December average rate of 0.0711, the exchange rate registered a net change of -39.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1254 was down 49.59% compared to the 2023 peak of 0.2487, 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 125,386 RSD

2023 Average 183,060 RSD

Yearly Trough Low 62,831 RSD

Transaction Impact: A difference of 62,555.04 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1233

0.0591

JanuMarcMayJulySeptNove

NGN to RSD 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 0.0845, compared to 0.0674 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0170 points.

H1 Avg (Jan–Jun) 0.0845

H2 Avg (Jul–Dec) 0.0674

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0531 RSD (High: 0.1205 / Low: 0.0674). On the other end, November was the most stable month, with a tight range of 0.0022 RSD (High: 0.0666 / Low: 0.0644).

February Spread (Volatile) ±0.0531

November Spread (Stable) ±0.0022

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 0.0352 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0352

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1180) against the same month in 2023 (average: 0.2394), the exchange rate shifted by -0.1214 (-50.73%).

2024 Avg (January) 0.1180

2023 Avg (January) 0.2394

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1254	0.1117	0.1180
February	0.1205	0.0674	0.0828
March	0.0777	0.0665	0.0707
April	0.0918	0.0764	0.0856
May	0.0884	0.0711	0.0768
June	0.0777	0.0718	0.0730
July	0.0770	0.0650	0.0712
August	0.0677	0.0653	0.0665
September	0.0666	0.0628	0.0645
October	0.0661	0.0634	0.0656
November	0.0666	0.0644	0.0658
December	0.0730	0.0657	0.0711