2024 SAR to NGN Historical Review

YEARLY HIGH

451.8914 NGN

YEARLY LOW

229.0632 NGN

YEARLY AVERAGE

391.7365 NGN

2024 SAR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SAR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 451.8914. Conversely, the yearly low was recorded on January 17, dropping to 229.0632.

This high-to-low spread represents a total annual volatility of 222.8282 NGN. From a start-to-finish perspective, comparing the January average rate of 243.1322 to the December average rate of 418.2836, the exchange rate registered a net change of 72.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 451.8914 was up 88.65% compared to the 2023 peak of 239.5431, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,259,457 NGN

2023 Average 846,682 NGN

Yearly Trough Low 1,145,316 NGN

Transaction Impact: A difference of 1,114,140.90 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

466.0862

222.8636

JanuMarcMayJulySeptNove

SAR 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 355.6922, compared to 427.7808 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 72.0886 points.

H1 Avg (Jan–Jun) 355.6922

H2 Avg (Jul–Dec) 427.7808

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 187.1681 NGN (High: 428.4700 / Low: 241.3019). On the other end, October was the most stable month, with a tight range of 13.9846 NGN (High: 445.1934 / Low: 431.2088).

February Spread (Volatile) ±187.1681

October Spread (Stable) ±13.9846

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 66.5948 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -66.5948

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 445.8176) against the same month in 2023 (average: 213.5500), the exchange rate shifted by +232.2676 (+108.76%).

2024 Avg (November) 445.8176

2023 Avg (November) 213.5500

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	255.4747	229.0632	243.1322
February	428.4700	241.3019	366.7996
March	429.5905	371.9504	407.5033
April	378.8374	320.2136	340.9085
May	403.6811	329.2788	378.0640
June	404.6142	374.7514	397.7455
July	442.8307	374.8464	405.3782
August	442.6472	419.8278	425.4969
September	445.0276	423.6358	435.4652
October	445.1934	431.2088	436.2432
November	451.8914	437.0180	445.8176
December	447.6183	411.3638	418.2836