2024 WST to NGN Historical Review

YEARLY HIGH

605.9643 NGN

YEARLY LOW

306.8071 NGN

YEARLY AVERAGE

524.9786 NGN

2024 WST to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the WST to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 605.9643. Conversely, the yearly low was recorded on January 17, dropping to 306.8071.

This high-to-low spread represents a total annual volatility of 299.1571 NGN. From a start-to-finish perspective, comparing the January average rate of 325.6399 to the December average rate of 561.1895, the exchange rate registered a net change of 72.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 605.9643 was up 88.88% compared to the 2023 peak of 320.8167, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,029,821 NGN

2023 Average 1,160,453 NGN

Yearly Trough Low 1,534,036 NGN

Transaction Impact: A difference of 1,495,785.71 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

625.2099

298.4063

JanuMarcMayJulySeptNove

WST 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 476.4383, compared to 573.5188 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 97.0805 points.

H1 Avg (Jan–Jun) 476.4383

H2 Avg (Jul–Dec) 573.5188

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 250.7143 NGN (High: 573.9286 / Low: 323.2143). On the other end, October was the most stable month, with a tight range of 18.2643 NGN (High: 596.6929 / Low: 578.4286).

February Spread (Volatile) ±250.7143

October Spread (Stable) ±18.2643

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 89.1478 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -89.1478

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 597.9763) against the same month in 2023 (average: 286.0086), the exchange rate shifted by +311.9677 (+109.08%).

2024 Avg (November) 597.9763

2023 Avg (November) 286.0086

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	342.1610	306.8071	325.6399
February	573.9286	323.2143	491.2763
March	575.4000	498.2214	545.8148
April	507.5000	428.9881	456.6670
May	540.7057	441.0714	506.4032
June	542.1857	502.1429	532.8289
July	593.3655	502.1429	543.0775
August	593.2393	562.5893	570.2210
September	596.2464	567.7829	583.5729
October	596.6929	578.4286	585.0755
November	605.9643	586.1504	597.9763
December	600.5124	551.8604	561.1895