2024 NGN to SDG Historical Review

YEARLY HIGH

0.6996 SDG

YEARLY LOW

0.3529 SDG

YEARLY AVERAGE

0.4197 SDG

2024 NGN to SDG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to SDG exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.6996. Conversely, the yearly low was recorded on July 28, dropping to 0.3529.

This high-to-low spread represents a total annual volatility of 0.3467 SDG. From a start-to-finish perspective, comparing the January average rate of 0.6597 to the December average rate of 0.3830, the exchange rate registered a net change of -41.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6996 was down 46.49% compared to the 2023 peak of 1.3074, 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 699,602 SDG

2023 Average 1,004,425 SDG

Yearly Trough Low 352,950 SDG

Transaction Impact: A difference of 346,652.14 SDG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6898

0.3292

JanuMarcMayJulySeptNove

NGN to SDG 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 0.4648, compared to 0.3746 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0902 points.

H1 Avg (Jan–Jun) 0.4648

H2 Avg (Jul–Dec) 0.3746

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.2901 SDG (High: 0.6641 / Low: 0.3740). On the other end, October was the most stable month, with a tight range of 0.0114 SDG (High: 0.3714 / Low: 0.3600).

February Spread (Volatile) ±0.2901

October Spread (Stable) ±0.0114

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 0.2016 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.6597) against the same month in 2023 (average: 1.2690), the exchange rate shifted by -0.6092 (-48.01%).

2024 Avg (January) 0.6597

2023 Avg (January) 1.2690

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6996	0.6273	0.6597
February	0.6641	0.3740	0.4581
March	0.4308	0.3637	0.3896
April	0.4879	0.4226	0.4593
May	0.4866	0.3970	0.4241
June	0.4275	0.3881	0.3979
July	0.4275	0.3529	0.3929
August	0.3818	0.3621	0.3768
September	0.3784	0.3603	0.3682
October	0.3714	0.3600	0.3672
November	0.3665	0.3545	0.3593
December	0.3893	0.3577	0.3830