2024 TRY నుండి NGN చారిత్రక సమీక్ష
2024 సంవత్సరం పొడవునా మారకపు రేటు పనితీరు యొక్క సమగ్ర విశ్లేషణ.
2024 TRY to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TRY to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 52.1437. Conversely, the yearly low was recorded on January 17, dropping to 28.4987.
This high-to-low spread represents a total annual volatility of 23.6450 NGN. From a start-to-finish perspective, comparing the January average rate of 30.3005 to the December average rate of 44.8966, the exchange rate registered a net change of 48.17% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 52.1437 was up 60.07% compared to the 2023 peak of 32.5760, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
TRY 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 41.9687, compared to 47.1377 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.1690 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 22.5651 NGN (High: 52.1437 / Low: 29.5785). On the other end, November was the most stable month, with a tight range of 1.3264 NGN (High: 49.1384 / Low: 47.8121).
Growth Streaks & Declines
TrendsBetween 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 8.1679 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 44.6044) against the same month in 2023 (average: 24.4232), the exchange rate shifted by +20.1812 (+82.63%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 31.8677 | 28.4987 | 30.3005 |
| February | 52.1437 | 29.5785 | 44.6044 |
| March | 50.4078 | 42.9817 | 47.6823 |
| April | 44.0361 | 36.9440 | 39.5144 |
| May | 47.0396 | 38.1074 | 43.9444 |
| June | 46.6262 | 42.8979 | 45.7660 |
| July | 50.3728 | 42.4766 | 46.1886 |
| August | 50.0785 | 46.3898 | 47.3831 |
| September | 48.8401 | 46.7549 | 47.9654 |
| October | 48.8011 | 47.2645 | 47.8157 |
| November | 49.1384 | 47.8121 | 48.5765 |
| December | 48.4378 | 43.7904 | 44.8966 |