2024 NGN to STD Historical Review

YEARLY HIGH

25.9374 STD

YEARLY LOW

13.1324 STD

YEARLY AVERAGE

15.6371 STD

2024 NGN to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 25.9374. Conversely, the yearly low was recorded on November 22, dropping to 13.1324.

This high-to-low spread represents a total annual volatility of 12.8050 STD. From a start-to-finish perspective, comparing the January average rate of 24.4596 to the December average rate of 14.1885, the exchange rate registered a net change of -41.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 25.9374 was down 49.18% compared to the 2023 peak of 51.0423, 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 25,937,420 STD

2023 Average 38,229,453 STD

Yearly Trough Low 13,132,434 STD

Transaction Impact: A difference of 12,804,986.42 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

25.5747

12.1939

JanuMarcMayJulySeptNove

NGN to STD 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 17.3728, compared to 13.9015 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.4713 points.

H1 Avg (Jan–Jun) 17.3728

H2 Avg (Jul–Dec) 13.9015

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 10.7553 STD (High: 24.6208 / Low: 13.8655). On the other end, October was the most stable month, with a tight range of 0.4211 STD (High: 13.7576 / Low: 13.3365).

February Spread (Volatile) ±10.7553

October Spread (Stable) ±0.4211

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 7.4712 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -7.4712

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 24.4596) against the same month in 2023 (average: 50.2104), the exchange rate shifted by -25.7507 (-51.29%).

2024 Avg (January) 24.4596

2023 Avg (January) 50.2104

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	25.9374	23.2574	24.4596
February	24.6208	13.8655	16.9884
March	15.9724	13.8300	14.6164
April	18.5501	15.6804	17.4511
May	18.0419	14.7174	15.7815
June	15.8477	14.6772	14.9396
July	15.8477	13.4113	14.7124
August	14.1449	13.4141	13.9579
September	14.0155	13.3465	13.6392
October	13.7576	13.3365	13.6021
November	13.5764	13.1324	13.3090
December	14.4199	13.2517	14.1885