2024 THB to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 THB to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the THB to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 51.5674. Conversely, the yearly low was recorded on January 17, dropping to 24.1316.
This high-to-low spread represents a total annual volatility of 27.4357 NGN. From a start-to-finish perspective, comparing the January average rate of 25.9281 to the December average rate of 46.0060, the exchange rate registered a net change of 77.44% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 51.5674 was up 96.68% compared to the 2023 peak of 26.2192, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 THB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
THB 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 36.8320, compared to 46.8122 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.9802 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 19.4974 NGN (High: 44.7912 / Low: 25.2938). On the other end, November was the most stable month, with a tight range of 1.6730 NGN (High: 49.5444 / Low: 47.8714).
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 7.7605 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 49.1425) against the same month in 2023 (average: 21.6190), the exchange rate shifted by +27.5234 (+127.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.4362 | 24.1316 | 25.9281 |
| February | 44.7912 | 25.2938 | 38.3420 |
| March | 45.1506 | 38.2737 | 42.5443 |
| April | 38.8246 | 32.6590 | 34.7838 |
| May | 41.7938 | 33.5607 | 38.7480 |
| June | 41.3742 | 38.2689 | 40.6456 |
| July | 46.8007 | 38.6264 | 41.9800 |
| August | 46.9562 | 44.4078 | 46.0075 |
| September | 51.5674 | 46.3746 | 49.1425 |
| October | 51.2425 | 48.2404 | 49.0814 |
| November | 49.5444 | 47.8714 | 48.6559 |
| December | 48.9223 | 44.9640 | 46.0060 |