2024 PYG to NGN Historical Review

YEARLY HIGH

0.2207 NGN

YEARLY LOW

0.1180 NGN

YEARLY AVERAGE

0.1941 NGN

2024 PYG to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PYG to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.2207. Conversely, the yearly low was recorded on January 17, dropping to 0.1180.

This high-to-low spread represents a total annual volatility of 0.1027 NGN. From a start-to-finish perspective, comparing the January average rate of 0.1252 to the December average rate of 0.2013, the exchange rate registered a net change of 60.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2207 was up 79.36% compared to the 2023 peak of 0.1231, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 PYG based on timing:

Yearly Peak High 1,104 NGN

2023 Average 435 NGN

Yearly Trough Low 590 NGN

Transaction Impact: A difference of 513.65 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2230

0.1163

JanuMarcMayJulySeptNove

PYG to NGN 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 0.1805, compared to 0.2077 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0272 points.

H1 Avg (Jan–Jun) 0.1805

H2 Avg (Jul–Dec) 0.2077

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0975 NGN (High: 0.2207 / Low: 0.1232). On the other end, September was the most stable month, with a tight range of 0.0075 NGN (High: 0.2143 / Low: 0.2068).

February Spread (Volatile) ±0.0975

September Spread (Stable) ±0.0075

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0361 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0361

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.2090) against the same month in 2023 (average: 0.0640), the exchange rate shifted by +0.1450 (+226.78%).

2024 Avg (March) 0.2090

2023 Avg (March) 0.0640

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1320	0.1180	0.1252
February	0.2207	0.1232	0.1888
March	0.2207	0.1888	0.2090
April	0.1923	0.1622	0.1729
May	0.2018	0.1648	0.1890
June	0.2015	0.1865	0.1981
July	0.2193	0.1860	0.2014
August	0.2193	0.2071	0.2106
September	0.2143	0.2068	0.2105
October	0.2145	0.2052	0.2081
November	0.2175	0.2080	0.2141
December	0.2157	0.1979	0.2013