2024 NGN to SCR Historical Review

YEARLY HIGH

0.0156 SCR

YEARLY LOW

0.0079 SCR

YEARLY AVERAGE

0.0096 SCR

2024 NGN to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.0156. Conversely, the yearly low was recorded on October 3, dropping to 0.0079.

This high-to-low spread represents a total annual volatility of 0.0076 SCR. From a start-to-finish perspective, comparing the January average rate of 0.0147 to the December average rate of 0.0090, the exchange rate registered a net change of -38.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0156 was down 49.67% compared to the 2023 peak of 0.0309, 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 15,565 SCR

2023 Average 22,726 SCR

Yearly Trough Low 7,916 SCR

Transaction Impact: A difference of 7,649.08 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0153

0.0076

JanuMarcMayJulySeptNove

NGN to SCR 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 0.0106, compared to 0.0086 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.0106

H2 Avg (Jul–Dec) 0.0086

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0068 SCR (High: 0.0151 / Low: 0.0083). On the other end, November was the most stable month, with a tight range of 0.0006 SCR (High: 0.0086 / Low: 0.0080).

February Spread (Volatile) ±0.0068

November Spread (Stable) ±0.0006

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 0.0044 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0147) against the same month in 2023 (average: 0.0298), the exchange rate shifted by -0.0151 (-50.69%).

2024 Avg (January) 0.0147

2023 Avg (January) 0.0298

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0156	0.0138	0.0147
February	0.0151	0.0083	0.0103
March	0.0098	0.0083	0.0089
April	0.0113	0.0095	0.0106
May	0.0112	0.0090	0.0097
June	0.0099	0.0090	0.0093
July	0.0100	0.0082	0.0091
August	0.0092	0.0081	0.0086
September	0.0086	0.0079	0.0082
October	0.0092	0.0079	0.0084
November	0.0086	0.0080	0.0082
December	0.0097	0.0080	0.0090