2024 NGN to TJS Historical Review

YEARLY HIGH

0.0127 TJS

YEARLY LOW

0.0063 TJS

YEARLY AVERAGE

0.0076 TJS

2024 NGN to TJS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to TJS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0127. Conversely, the yearly low was recorded on November 22, dropping to 0.0063.

This high-to-low spread represents a total annual volatility of 0.0064 TJS. From a start-to-finish perspective, comparing the January average rate of 0.0120 to the December average rate of 0.0069, the exchange rate registered a net change of -42.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0127 was down 46.59% 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 12,694 TJS

2023 Average 18,168 TJS

Yearly Trough Low 6,282 TJS

Transaction Impact: A difference of 6,411.97 TJS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0126

0.0058

JanuMarcMayJulySeptNove

NGN to TJS 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 0.0085, compared to 0.0067 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0085

H2 Avg (Jul–Dec) 0.0067

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0054 TJS (High: 0.0122 / Low: 0.0068). On the other end, November was the most stable month, with a tight range of 0.0002 TJS (High: 0.0065 / Low: 0.0063).

February Spread (Volatile) ±0.0054

November Spread (Stable) ±0.0002

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 0.0036 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0120) against the same month in 2023 (average: 0.0225), the exchange rate shifted by -0.0105 (-46.72%).

2024 Avg (January) 0.0120

2023 Avg (January) 0.0225

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0127	0.0114	0.0120
February	0.0122	0.0068	0.0083
March	0.0079	0.0068	0.0072
April	0.0091	0.0077	0.0086
May	0.0088	0.0072	0.0077
June	0.0076	0.0070	0.0072
July	0.0076	0.0064	0.0070
August	0.0068	0.0064	0.0066
September	0.0067	0.0064	0.0065
October	0.0066	0.0064	0.0065
November	0.0065	0.0063	0.0064
December	0.0071	0.0065	0.0069