2024 RUB to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 RUB to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the RUB to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 1, valuing the pair at 19.4226. Conversely, the yearly low was recorded on January 3, dropping to 9.6384.
This high-to-low spread represents a total annual volatility of 9.7842 NGN. From a start-to-finish perspective, comparing the January average rate of 10.2088 to the December average rate of 15.1516, the exchange rate registered a net change of 48.42% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 19.4226 was up 91.47% compared to the 2023 peak of 10.1441, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RUB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
RUB to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 14.6766, compared to 17.0088 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.3322 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 7.5561 NGN (High: 17.5012 / Low: 9.9451). On the other end, October was the most stable month, with a tight range of 0.8358 NGN (High: 17.5421 / Low: 16.7063).
Growth Streaks & Declines
TrendsBetween 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 2.8908 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 17.9573) against the same month in 2023 (average: 8.0112), the exchange rate shifted by +9.9461 (+124.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.9218 | 9.6384 | 10.2088 |
| February | 17.5012 | 9.9451 | 14.9591 |
| March | 17.6186 | 15.0802 | 16.6425 |
| April | 15.3468 | 12.7564 | 13.7517 |
| May | 16.6537 | 13.2071 | 15.5692 |
| June | 17.8343 | 16.4143 | 16.9286 |
| July | 19.3187 | 15.8869 | 17.4203 |
| August | 19.4226 | 17.2195 | 17.9573 |
| September | 18.5597 | 17.3926 | 17.8991 |
| October | 17.5421 | 16.7063 | 17.0178 |
| November | 17.4309 | 14.9368 | 16.6069 |
| December | 16.1351 | 13.6196 | 15.1516 |