2024 LBP to NGN Historical Review

YEARLY HIGH

0.1071 NGN

YEARLY LOW

0.0134 NGN

YEARLY AVERAGE

0.0250 NGN

2024 LBP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the LBP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 0.1071. Conversely, the yearly low was recorded on April 16, dropping to 0.0134.

This high-to-low spread represents a total annual volatility of 0.0937 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0607 to the December average rate of 0.0176, the exchange rate registered a net change of -71.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1071 was down 64.92% compared to the 2023 peak of 0.3053, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 535 NGN

2023 Average 344 NGN

Yearly Trough Low 67 NGN

Transaction Impact: A difference of 468.37 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0729

0.0090

JanuMarcMayJulySeptNove

LBP 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 0.0320, compared to 0.0179 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0141 points.

H1 Avg (Jan–Jun) 0.0320

H2 Avg (Jul–Dec) 0.0179

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0907 NGN (High: 0.1071 / Low: 0.0164). On the other end, November was the most stable month, with a tight range of 0.0006 NGN (High: 0.0189 / Low: 0.0183).

February Spread (Volatile) ±0.0907

November Spread (Stable) ±0.0006

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 February and March, when the average rate fell by 0.0505 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0505

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0676) against the same month in 2023 (average: 0.0794), the exchange rate shifted by -0.0118 (-14.85%).

2024 Avg (February) 0.0676

2023 Avg (February) 0.0794

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0638	0.0571	0.0607
February	0.1071	0.0164	0.0676
March	0.0180	0.0156	0.0171
April	0.0159	0.0134	0.0143
May	0.0170	0.0138	0.0158
June	0.0169	0.0157	0.0167
July	0.0185	0.0157	0.0170
August	0.0185	0.0175	0.0178
September	0.0186	0.0177	0.0182
October	0.0187	0.0181	0.0183
November	0.0189	0.0183	0.0187
December	0.0188	0.0173	0.0176