2024 NGN to PHP Historical Review

YEARLY HIGH

0.0651 PHP

YEARLY LOW

0.0336 PHP

YEARLY AVERAGE

0.0401 PHP

2024 NGN to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0651. Conversely, the yearly low was recorded on September 28, dropping to 0.0336.

This high-to-low spread represents a total annual volatility of 0.0316 PHP. From a start-to-finish perspective, comparing the January average rate of 0.0614 to the December average rate of 0.0372, the exchange rate registered a net change of -39.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0651 was down 47.78% compared to the 2023 peak of 0.1247, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 65,149 PHP

2023 Average 93,711 PHP

Yearly Trough Low 33,569 PHP

Transaction Impact: A difference of 31,579.86 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0641

0.0316

JanuMarcMayJulySeptNove

NGN to PHP 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 0.0443, compared to 0.0360 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0083 points.

H1 Avg (Jan–Jun) 0.0443

H2 Avg (Jul–Dec) 0.0360

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0275 PHP (High: 0.0623 / Low: 0.0348). On the other end, November was the most stable month, with a tight range of 0.0009 PHP (High: 0.0356 / Low: 0.0346).

February Spread (Volatile) ±0.0275

November Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0187 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0187

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0614) against the same month in 2023 (average: 0.1209), the exchange rate shifted by -0.0594 (-49.17%).

2024 Avg (January) 0.0614

2023 Avg (January) 0.1209

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0651	0.0582	0.0614
February	0.0623	0.0348	0.0427
March	0.0403	0.0344	0.0367
April	0.0474	0.0396	0.0447
May	0.0466	0.0380	0.0409
June	0.0416	0.0385	0.0394
July	0.0416	0.0352	0.0386
August	0.0365	0.0351	0.0357
September	0.0356	0.0336	0.0343
October	0.0355	0.0337	0.0351
November	0.0356	0.0346	0.0351
December	0.0382	0.0349	0.0372

2024 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு