2024 SDG to NGN Historical Review

YEARLY HIGH

2.8333 NGN

YEARLY LOW

1.4294 NGN

YEARLY AVERAGE

2.4576 NGN

2024 SDG to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SDG to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 2.8333. Conversely, the yearly low was recorded on January 17, dropping to 1.4294.

This high-to-low spread represents a total annual volatility of 1.4039 NGN. From a start-to-finish perspective, comparing the January average rate of 1.5171 to the December average rate of 2.6124, the exchange rate registered a net change of 72.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.8333 was up 88.61% compared to the 2023 peak of 1.5022, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,166 NGN

2023 Average 5,316 NGN

Yearly Trough Low 7,147 NGN

Transaction Impact: A difference of 7,019.40 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.9102

1.3905

JanuMarcMayJulySeptNove

SDG 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 2.2404, compared to 2.6748 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4344 points.

H1 Avg (Jan–Jun) 2.2404

H2 Avg (Jul–Dec) 2.6748

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 1.1681 NGN (High: 2.6739 / Low: 1.5058). On the other end, October was the most stable month, with a tight range of 0.0850 NGN (High: 2.7776 / Low: 2.6926).

February Spread (Volatile) ±1.1681

October Spread (Stable) ±0.0850

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 0.3949 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.3949

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 2.5583) against the same month in 2023 (average: 1.2927), the exchange rate shifted by +1.2656 (+97.90%).

2024 Avg (July) 2.5583

2023 Avg (July) 1.2927

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5941	1.4294	1.5171
February	2.6739	1.5058	2.2890
March	2.7494	2.3212	2.5750
April	2.3664	2.0498	2.1801
May	2.5191	2.0549	2.3668
June	2.5766	2.3394	2.5142
July	2.8333	2.3394	2.5583
August	2.7615	2.6189	2.6544
September	2.7755	2.6430	2.7165
October	2.7776	2.6926	2.7235
November	2.8208	2.7285	2.7836
December	2.7954	2.5689	2.6124