2024 NGN to XCD Historical Review

YEARLY HIGH

0.0031 XCD

YEARLY LOW

0.0016 XCD

YEARLY AVERAGE

0.0019 XCD

2024 NGN to XCD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to XCD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0031. Conversely, the yearly low was recorded on November 22, dropping to 0.0016.

This high-to-low spread represents a total annual volatility of 0.0016 XCD. From a start-to-finish perspective, comparing the January average rate of 0.0030 to the December average rate of 0.0017, 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 0.0031 was down 47.95% compared to the 2023 peak of 0.0060, 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 3,146 XCD

2023 Average 4,562 XCD

Yearly Trough Low 1,593 XCD

Transaction Impact: A difference of 1,553.11 XCD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0031

0.0015

JanuMarcMayJulySeptNove

NGN to XCD 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 0.0021, compared to 0.0017 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0021

H2 Avg (Jul–Dec) 0.0017

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0013 XCD (High: 0.0030 / Low: 0.0017). On the other end, October was the most stable month, with a tight range of 0.0001 XCD (High: 0.0017 / Low: 0.0016).

February Spread (Volatile) ±0.0013

October 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 0.0009 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0030) against the same month in 2023 (average: 0.0059), the exchange rate shifted by -0.0030 (-50.10%).

2024 Avg (January) 0.0030

2023 Avg (January) 0.0059

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0031	0.0028	0.0030
February	0.0030	0.0017	0.0021
March	0.0019	0.0017	0.0018
April	0.0022	0.0019	0.0021
May	0.0022	0.0018	0.0019
June	0.0019	0.0018	0.0018
July	0.0019	0.0016	0.0018
August	0.0017	0.0016	0.0017
September	0.0017	0.0016	0.0017
October	0.0017	0.0016	0.0016
November	0.0016	0.0016	0.0016
December	0.0017	0.0016	0.0017