2024 NGN to SAR Historical Review

YEARLY HIGH

0.0044 SAR

YEARLY LOW

0.0022 SAR

YEARLY AVERAGE

0.0026 SAR

2024 NGN to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0044. Conversely, the yearly low was recorded on November 22, dropping to 0.0022.

This high-to-low spread represents a total annual volatility of 0.0022 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0041 to the December average rate of 0.0024, the exchange rate registered a net change of -41.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0044 was down 48.09% compared to the 2023 peak of 0.0084, 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 4,366 SAR

2023 Average 6,333 SAR

Yearly Trough Low 2,213 SAR

Transaction Impact: A difference of 2,152.69 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0043

0.0021

JanuMarcMayJulySeptNove

NGN to SAR 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 0.0029, compared to 0.0023 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) 0.0029

H2 Avg (Jul–Dec) 0.0023

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0018 SAR (High: 0.0041 / Low: 0.0023). On the other end, October was the most stable month, with a tight range of 0.0001 SAR (High: 0.0023 / Low: 0.0022).

February Spread (Volatile) ±0.0018

October Spread (Stable) ±0.0001

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 0.0013 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0041) against the same month in 2023 (average: 0.0083), the exchange rate shifted by -0.0041 (-50.18%).

2024 Avg (January) 0.0041

2023 Avg (January) 0.0083

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0044	0.0039	0.0041
February	0.0041	0.0023	0.0029
March	0.0027	0.0023	0.0025
April	0.0031	0.0026	0.0029
May	0.0030	0.0025	0.0027
June	0.0027	0.0025	0.0025
July	0.0027	0.0023	0.0025
August	0.0024	0.0023	0.0024
September	0.0024	0.0022	0.0023
October	0.0023	0.0022	0.0023
November	0.0023	0.0022	0.0022
December	0.0024	0.0022	0.0024