2024 NGN to SBD Historical Review

YEARLY HIGH

0.0098 SBD

YEARLY LOW

0.0049 SBD

YEARLY AVERAGE

0.0059 SBD

2024 NGN to SBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0098. Conversely, the yearly low was recorded on November 22, dropping to 0.0049.

This high-to-low spread represents a total annual volatility of 0.0049 SBD. From a start-to-finish perspective, comparing the January average rate of 0.0092 to the December average rate of 0.0053, the exchange rate registered a net change of -42.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0098 was down 47.05% compared to the 2023 peak of 0.0185, 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 9,804 SBD

2023 Average 14,059 SBD

Yearly Trough Low 4,941 SBD

Transaction Impact: A difference of 4,862.46 SBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0097

0.0046

JanuMarcMayJulySeptNove

NGN to SBD 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 0.0066, compared to 0.0052 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0066

H2 Avg (Jul–Dec) 0.0052

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0041 SBD (High: 0.0093 / Low: 0.0053). On the other end, November was the most stable month, with a tight range of 0.0001 SBD (High: 0.0051 / Low: 0.0049).

February Spread (Volatile) ±0.0041

November 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 0.0028 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0092) against the same month in 2023 (average: 0.0182), the exchange rate shifted by -0.0089 (-49.16%).

2024 Avg (January) 0.0092

2023 Avg (January) 0.0182

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0098	0.0088	0.0092
February	0.0093	0.0053	0.0064
March	0.0061	0.0052	0.0056
April	0.0071	0.0060	0.0066
May	0.0069	0.0056	0.0060
June	0.0060	0.0056	0.0057
July	0.0060	0.0051	0.0056
August	0.0054	0.0051	0.0053
September	0.0053	0.0050	0.0051
October	0.0051	0.0050	0.0051
November	0.0051	0.0049	0.0050
December	0.0054	0.0050	0.0053