2024 NGN to SRD Historical Review

YEARLY HIGH

0.0428 SRD

YEARLY LOW

0.0174 SRD

YEARLY AVERAGE

0.0234 SRD

2024 NGN to SRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0428. Conversely, the yearly low was recorded on August 1, dropping to 0.0174.

This high-to-low spread represents a total annual volatility of 0.0254 SRD. From a start-to-finish perspective, comparing the January average rate of 0.0403 to the December average rate of 0.0224, the exchange rate registered a net change of -44.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0428 was down 47.89% compared to the 2023 peak of 0.0821, 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 42,785 SRD

2023 Average 61,115 SRD

Yearly Trough Low 17,354 SRD

Transaction Impact: A difference of 25,430.68 SRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0425

0.0158

JanuMarcMayJulySeptNove

NGN to SRD 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 0.0270, compared to 0.0199 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0072 points.

H1 Avg (Jan–Jun) 0.0270

H2 Avg (Jul–Dec) 0.0199

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0184 SRD (High: 0.0405 / Low: 0.0221). On the other end, November was the most stable month, with a tight range of 0.0005 SRD (High: 0.0212 / Low: 0.0207).

February Spread (Volatile) ±0.0184

November Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0127 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0127

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0403) against the same month in 2023 (average: 0.0700), the exchange rate shifted by -0.0297 (-42.46%).

2024 Avg (January) 0.0403

2023 Avg (January) 0.0700

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0428	0.0383	0.0403
February	0.0405	0.0221	0.0276
March	0.0252	0.0219	0.0231
April	0.0290	0.0247	0.0271
May	0.0273	0.0212	0.0231
June	0.0219	0.0202	0.0210
July	0.0215	0.0174	0.0196
August	0.0183	0.0174	0.0180
September	0.0187	0.0176	0.0182
October	0.0209	0.0184	0.0199
November	0.0212	0.0207	0.0210
December	0.0228	0.0211	0.0224