2024 RON to NGN Historical Review

YEARLY HIGH

374.2896 NGN

YEARLY LOW

187.9123 NGN

YEARLY AVERAGE

319.6924 NGN

2024 RON to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RON to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 374.2896. Conversely, the yearly low was recorded on January 17, dropping to 187.9123.

This high-to-low spread represents a total annual volatility of 186.3773 NGN. From a start-to-finish perspective, comparing the January average rate of 199.9547 to the December average rate of 330.8068, the exchange rate registered a net change of 65.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 374.2896 was up 87.34% compared to the 2023 peak of 199.7863, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,871,448 NGN

2023 Average 694,365 NGN

Yearly Trough Low 939,562 NGN

Transaction Impact: A difference of 931,886.49 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

381.3819

183.4614

JanuMarcMayJulySeptNove

RON 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 289.8386, compared to 349.5462 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 59.7076 points.

H1 Avg (Jan–Jun) 289.8386

H2 Avg (Jul–Dec) 349.5462

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 154.1021 NGN (High: 349.5074 / Low: 195.4053). On the other end, November was the most stable month, with a tight range of 12.5617 NGN (High: 365.2132 / Low: 352.6515).

February Spread (Volatile) ±154.1021

November Spread (Stable) ±12.5617

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 58.5672 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -58.5672

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 364.8886) against the same month in 2023 (average: 166.4068), the exchange rate shifted by +198.4817 (+119.27%).

2024 Avg (September) 364.8886

2023 Avg (September) 166.4068

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	211.0377	187.9123	199.9547
February	349.5074	195.4053	298.4901
March	354.5947	302.8999	334.1962
April	307.0640	256.4239	275.6290
May	331.1882	266.2958	308.1822
June	327.9460	302.7562	322.5794
July	362.4777	305.7984	331.8268
August	360.1314	347.2433	353.5765
September	374.2896	353.2243	364.8886
October	370.8929	355.8654	358.7768
November	365.2132	352.6515	357.4020
December	356.9706	322.2956	330.8068