2024 NGN to TTD Historical Review

YEARLY HIGH

0.0079 TTD

YEARLY LOW

0.0040 TTD

YEARLY AVERAGE

0.0048 TTD

2024 NGN to TTD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to TTD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0079. Conversely, the yearly low was recorded on November 22, dropping to 0.0040.

This high-to-low spread represents a total annual volatility of 0.0039 TTD. From a start-to-finish perspective, comparing the January average rate of 0.0074 to the December average rate of 0.0043, 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 0.0079 was down 48.06% compared to the 2023 peak of 0.0152, 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 7,894 TTD

2023 Average 11,453 TTD

Yearly Trough Low 4,006 TTD

Transaction Impact: A difference of 3,888.48 TTD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0078

0.0037

JanuMarcMayJulySeptNove

NGN to TTD 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 0.0053, compared to 0.0042 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0053

H2 Avg (Jul–Dec) 0.0042

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0033 TTD (High: 0.0076 / Low: 0.0042). On the other end, November was the most stable month, with a tight range of 0.0001 TTD (High: 0.0041 / Low: 0.0040).

February Spread (Volatile) ±0.0033

November Spread (Stable) ±0.0001

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 0.0023 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0074) against the same month in 2023 (average: 0.0149), the exchange rate shifted by -0.0075 (-50.14%).

2024 Avg (January) 0.0074

2023 Avg (January) 0.0149

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0079	0.0071	0.0074
February	0.0076	0.0042	0.0052
March	0.0049	0.0042	0.0045
April	0.0057	0.0048	0.0053
May	0.0055	0.0045	0.0048
June	0.0048	0.0045	0.0046
July	0.0048	0.0041	0.0045
August	0.0043	0.0041	0.0042
September	0.0043	0.0041	0.0042
October	0.0042	0.0041	0.0041
November	0.0041	0.0040	0.0041
December	0.0044	0.0040	0.0043