2024 RSD to NGN Historical Review

YEARLY HIGH

15.9158 NGN

YEARLY LOW

7.9754 NGN

YEARLY AVERAGE

13.5854 NGN

2024 RSD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RSD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 15.9158. Conversely, the yearly low was recorded on January 17, dropping to 7.9754.

This high-to-low spread represents a total annual volatility of 7.9404 NGN. From a start-to-finish perspective, comparing the January average rate of 8.4860 to the December average rate of 14.0708, the exchange rate registered a net change of 65.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 15.9158 was up 87.71% compared to the 2023 peak of 8.4789, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 79,579 NGN

2023 Average 29,319 NGN

Yearly Trough Low 39,877 NGN

Transaction Impact: A difference of 39,701.93 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

16.2123

7.7836

JanuMarcMayJulySeptNove

RSD 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 12.3073, compared to 14.8635 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.5562 points.

H1 Avg (Jan–Jun) 12.3073

H2 Avg (Jul–Dec) 14.8635

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 6.5367 NGN (High: 14.8332 / Low: 8.2965). On the other end, November was the most stable month, with a tight range of 0.5170 NGN (High: 15.5255 / Low: 15.0084).

February Spread (Volatile) ±6.5367

November Spread (Stable) ±0.5170

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 2.4716 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -2.4716

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 15.5099) against the same month in 2023 (average: 7.0464), the exchange rate shifted by +8.4635 (+120.11%).

2024 Avg (September) 15.5099

2023 Avg (September) 7.0464

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8.9491	7.9754	8.4860
February	14.8332	8.2965	12.6710
March	15.0339	12.8647	14.1781
April	13.0903	10.8918	11.7065
May	14.0657	11.3139	13.0895
June	13.9270	12.8647	13.7127
July	15.3952	12.9913	14.0975
August	15.3074	14.7609	15.0403
September	15.9158	15.0103	15.5099
October	15.7716	15.1232	15.2545
November	15.5255	15.0084	15.2081
December	15.2130	13.7029	14.0708