2024 NGN to SEK Historical Review

YEARLY HIGH

0.0122 SEK

YEARLY LOW

0.0060 SEK

YEARLY AVERAGE

0.0074 SEK

2024 NGN to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0122. Conversely, the yearly low was recorded on September 28, dropping to 0.0060.

This high-to-low spread represents a total annual volatility of 0.0061 SEK. From a start-to-finish perspective, comparing the January average rate of 0.0114 to the December average rate of 0.0070, the exchange rate registered a net change of -38.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0122 was down 48.99% compared to the 2023 peak of 0.0238, 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 12,156 SEK

2023 Average 17,858 SEK

Yearly Trough Low 6,047 SEK

Transaction Impact: A difference of 6,108.65 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0119

0.0057

JanuMarcMayJulySeptNove

NGN to SEK 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 0.0082, compared to 0.0066 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0082

H2 Avg (Jul–Dec) 0.0066

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0053 SEK (High: 0.0117 / Low: 0.0064). On the other end, November was the most stable month, with a tight range of 0.0002 SEK (High: 0.0066 / Low: 0.0064).

February Spread (Volatile) ±0.0053

November Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0034 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0114) against the same month in 2023 (average: 0.0229), the exchange rate shifted by -0.0115 (-50.31%).

2024 Avg (January) 0.0114

2023 Avg (January) 0.0229

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0122	0.0107	0.0114
February	0.0117	0.0064	0.0080
March	0.0077	0.0064	0.0068
April	0.0091	0.0076	0.0085
May	0.0088	0.0070	0.0076
June	0.0075	0.0069	0.0070
July	0.0076	0.0064	0.0070
August	0.0066	0.0064	0.0065
September	0.0065	0.0060	0.0063
October	0.0065	0.0061	0.0064
November	0.0066	0.0064	0.0065
December	0.0072	0.0065	0.0070