2023 LAK to NGN Historical Review

YEARLY HIGH

0.0441 NGN

YEARLY LOW

0.0254 NGN

YEARLY AVERAGE

0.0335 NGN

2023 LAK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LAK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 0.0441. Conversely, the yearly low was recorded on June 13, dropping to 0.0254.

This high-to-low spread represents a total annual volatility of 0.0187 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0268 to the December average rate of 0.0392, the exchange rate registered a net change of 46.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0441 was up 19.39% compared to the 2022 peak of 0.0369, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 220 NGN

2022 Average 152 NGN

Yearly Trough Low 127 NGN

Transaction Impact: A difference of 93.30 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0421

0.0248

JanuMarcMayJulySeptNove

LAK 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 0.0278, compared to 0.0392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0113 points.

H1 Avg (Jan–Jun) 0.0278

H2 Avg (Jul–Dec) 0.0392

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0187 NGN (High: 0.0441 / Low: 0.0254). On the other end, March was the most stable month, with a tight range of 0.0003 NGN (High: 0.0274 / Low: 0.0271).

June Spread (Volatile) ±0.0187

March Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0012 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0325) against the same month in 2022 (average: 0.0286), the exchange rate shifted by +0.0039 (+13.49%).

2023 Avg (June) 0.0325

2022 Avg (June) 0.0286

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0274	0.0258	0.0268
February	0.0276	0.0271	0.0273
March	0.0274	0.0271	0.0272
April	0.0273	0.0266	0.0269
May	0.0266	0.0260	0.0263
June	0.0441	0.0254	0.0325
July	0.0415	0.0398	0.0407
August	0.0407	0.0387	0.0395
September	0.0399	0.0378	0.0389
October	0.0427	0.0369	0.0380
November	0.0399	0.0380	0.0387
December	0.0437	0.0371	0.0392