2024 XCD to NGN Historical Review

YEARLY HIGH

627.8145 NGN

YEARLY LOW

317.8702 NGN

YEARLY AVERAGE

543.9085 NGN

2024 XCD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the XCD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 627.8145. Conversely, the yearly low was recorded on January 17, dropping to 317.8702.

This high-to-low spread represents a total annual volatility of 309.9443 NGN. From a start-to-finish perspective, comparing the January average rate of 337.3820 to the December average rate of 581.4251, 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 627.8145 was up 88.88% compared to the 2023 peak of 332.3849, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,139,072 NGN

2023 Average 1,175,257 NGN

Yearly Trough Low 1,589,351 NGN

Transaction Impact: A difference of 1,549,721.56 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

647.7541

309.1664

JanuMarcMayJulySeptNove

XCD 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 493.6180, compared to 594.1990 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 100.5810 points.

H1 Avg (Jan–Jun) 493.6180

H2 Avg (Jul–Dec) 594.1990

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 259.7547 NGN (High: 594.6236 / Low: 334.8689). On the other end, October was the most stable month, with a tight range of 18.9229 NGN (High: 618.2087 / Low: 599.2859).

February Spread (Volatile) ±259.7547

October Spread (Stable) ±18.9229

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 92.3623 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -92.3623

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 619.5385) against the same month in 2023 (average: 296.3216), the exchange rate shifted by +323.2168 (+109.08%).

2024 Avg (November) 619.5385

2023 Avg (November) 296.3216

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	354.4988	317.8702	337.3820
February	594.6236	334.8689	508.9910
March	596.1481	516.1866	565.4960
April	525.7997	444.4568	473.1337
May	560.2028	456.9758	524.6633
June	561.7361	520.2494	552.0420
July	614.7614	520.2494	562.6601
August	614.6306	582.8754	590.7824
September	617.7462	588.2563	604.6157
October	618.2087	599.2859	606.1725
November	627.8145	607.2862	619.5385
December	622.1660	571.7597	581.4251