2024 NGN to THB Historical Review

YEARLY HIGH

0.0414 THB

YEARLY LOW

0.0194 THB

YEARLY AVERAGE

0.0248 THB

2024 NGN to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0414. Conversely, the yearly low was recorded on September 27, dropping to 0.0194.

This high-to-low spread represents a total annual volatility of 0.0220 THB. From a start-to-finish perspective, comparing the January average rate of 0.0386 to the December average rate of 0.0217, the exchange rate registered a net change of -43.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0414 was down 46.45% compared to the 2023 peak of 0.0774, 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 41,439 THB

2023 Average 58,404 THB

Yearly Trough Low 19,392 THB

Transaction Impact: A difference of 22,047.27 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0404

0.0185

JanuMarcMayJulySeptNove

NGN to THB 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 0.0281, compared to 0.0215 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0067 points.

H1 Avg (Jan–Jun) 0.0281

H2 Avg (Jul–Dec) 0.0215

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0172 THB (High: 0.0395 / Low: 0.0223). On the other end, November was the most stable month, with a tight range of 0.0007 THB (High: 0.0209 / Low: 0.0202).

February Spread (Volatile) ±0.0172

November Spread (Stable) ±0.0007

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 0.0113 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0113

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0386) against the same month in 2023 (average: 0.0731), the exchange rate shifted by -0.0344 (-47.15%).

2024 Avg (January) 0.0386

2023 Avg (January) 0.0731

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0414	0.0364	0.0386
February	0.0395	0.0223	0.0273
March	0.0261	0.0221	0.0236
April	0.0306	0.0258	0.0288
May	0.0298	0.0239	0.0259
June	0.0261	0.0242	0.0246
July	0.0259	0.0214	0.0239
August	0.0225	0.0213	0.0217
September	0.0216	0.0194	0.0204
October	0.0207	0.0195	0.0204
November	0.0209	0.0202	0.0206
December	0.0222	0.0204	0.0217