2024 NGN to YER Historical Review

YEARLY HIGH

0.2915 YER

YEARLY LOW

0.1473 YER

YEARLY AVERAGE

0.1756 YER

2024 NGN to YER Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to YER exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.2915. Conversely, the yearly low was recorded on November 22, dropping to 0.1473.

This high-to-low spread represents a total annual volatility of 0.1442 YER. From a start-to-finish perspective, comparing the January average rate of 0.2748 to the December average rate of 0.1592, the exchange rate registered a net change of -42.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2915 was down 47.93% compared to the 2023 peak of 0.5598, 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 291,452 YER

2023 Average 422,536 YER

Yearly Trough Low 147,301 YER

Transaction Impact: A difference of 144,151.74 YER purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2874

0.1367

JanuMarcMayJulySeptNove

NGN to YER 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 0.1952, compared to 0.1561 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0391 points.

H1 Avg (Jan–Jun) 0.1952

H2 Avg (Jul–Dec) 0.1561

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.1208 YER (High: 0.2766 / Low: 0.1558). On the other end, October was the most stable month, with a tight range of 0.0047 YER (High: 0.1545 / Low: 0.1498).

February Spread (Volatile) ±0.1208

October Spread (Stable) ±0.0047

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 0.0840 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0840

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.2748) against the same month in 2023 (average: 0.5507), the exchange rate shifted by -0.2759 (-50.10%).

2024 Avg (January) 0.2748

2023 Avg (January) 0.5507

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2915	0.2613	0.2748
February	0.2766	0.1558	0.1908
March	0.1795	0.1554	0.1642
April	0.2084	0.1762	0.1961
May	0.2028	0.1650	0.1772
June	0.1780	0.1649	0.1679
July	0.1781	0.1507	0.1653
August	0.1589	0.1507	0.1568
September	0.1575	0.1499	0.1532
October	0.1545	0.1498	0.1528
November	0.1525	0.1473	0.1493
December	0.1617	0.1489	0.1592