2024 NGN to RUB Historical Review

YEARLY HIGH

0.1038 RUB

YEARLY LOW

0.0515 RUB

YEARLY AVERAGE

0.0649 RUB

2024 NGN to RUB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.1038. Conversely, the yearly low was recorded on August 1, dropping to 0.0515.

This high-to-low spread represents a total annual volatility of 0.0523 RUB. From a start-to-finish perspective, comparing the January average rate of 0.0981 to the December average rate of 0.0661, the exchange rate registered a net change of -32.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1038 was down 42.75% compared to the 2023 peak of 0.1812, 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 103,752 RUB

2023 Average 140,686 RUB

Yearly Trough Low 51,486 RUB

Transaction Impact: A difference of 52,265.46 RUB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1023

0.0515

JanuMarcMayJulySeptNove

NGN to RUB 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 0.0708, compared to 0.0591 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0117 points.

H1 Avg (Jan–Jun) 0.0708

H2 Avg (Jul–Dec) 0.0591

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0434 RUB (High: 0.1006 / Low: 0.0571). On the other end, October was the most stable month, with a tight range of 0.0029 RUB (High: 0.0599 / Low: 0.0570).

February Spread (Volatile) ±0.0434

October Spread (Stable) ±0.0029

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0282 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0282

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0981) against the same month in 2023 (average: 0.1539), the exchange rate shifted by -0.0558 (-36.28%).

2024 Avg (January) 0.0981

2023 Avg (January) 0.1539

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1038	0.0916	0.0981
February	0.1006	0.0571	0.0699
March	0.0663	0.0568	0.0603
April	0.0784	0.0652	0.0728
May	0.0757	0.0600	0.0646
June	0.0609	0.0561	0.0591
July	0.0629	0.0518	0.0577
August	0.0581	0.0515	0.0558
September	0.0575	0.0539	0.0559
October	0.0599	0.0570	0.0588
November	0.0669	0.0574	0.0603
December	0.0734	0.0620	0.0661