2024 NGN to VND Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NGN to VND Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NGN to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 28.5415. Conversely, the yearly low was recorded on September 30, dropping to 14.7141.
This high-to-low spread represents a total annual volatility of 13.8274 VND. From a start-to-finish perspective, comparing the January average rate of 26.8740 to the December average rate of 16.1878, the exchange rate registered a net change of -39.76% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 28.5415 was down 46.00% compared to the 2023 peak of 52.8562, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NGN to VND Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 19.4264, compared to 15.6925 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.7339 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 11.7147 VND (High: 26.9901 / Low: 15.2754). On the other end, November was the most stable month, with a tight range of 0.4339 VND (High: 15.4154 / Low: 14.9814).
Growth Streaks & Declines
TrendsNo 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 8.2103 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 26.8740) against the same month in 2023 (average: 51.6306), the exchange rate shifted by -24.7566 (-47.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 28.5415 | 25.5517 | 26.8740 |
| February | 26.9901 | 15.2754 | 18.6637 |
| March | 17.7686 | 15.3381 | 16.2197 |
| April | 21.0526 | 17.4558 | 19.7220 |
| May | 20.5799 | 16.8048 | 18.0191 |
| June | 18.1046 | 16.7696 | 17.0601 |
| July | 18.0838 | 15.1963 | 16.7557 |
| August | 15.9137 | 15.1853 | 15.6836 |
| September | 15.6452 | 14.7141 | 15.0855 |
| October | 15.4646 | 14.7543 | 15.2913 |
| November | 15.4154 | 14.9814 | 15.1509 |
| December | 16.4735 | 15.0736 | 16.1878 |