2024 LSL to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 LSL to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the LSL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 97.1665. Conversely, the yearly low was recorded on January 17, dropping to 45.1202.
This high-to-low spread represents a total annual volatility of 52.0464 NGN. From a start-to-finish perspective, comparing the January average rate of 48.5271 to the December average rate of 86.2491, the exchange rate registered a net change of 77.73% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 97.1665 was up 100.15% compared to the 2023 peak of 48.5472, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LSL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
LSL 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 71.3025, compared to 89.5906 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 18.2881 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 36.9742 NGN (High: 84.6811 / Low: 47.7069). On the other end, October was the most stable month, with a tight range of 4.5514 NGN (High: 96.4620 / Low: 91.9106).
Growth Streaks & Declines
TrendsBetween 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 13.2846 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 92.7923) against the same month in 2023 (average: 40.8286), the exchange rate shifted by +51.9637 (+127.27%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 51.3695 | 45.1202 | 48.5271 |
| February | 84.6811 | 47.7069 | 72.3990 |
| March | 86.5990 | 73.5150 | 81.0487 |
| April | 75.1164 | 63.0230 | 67.7641 |
| May | 82.9564 | 66.6487 | 77.0943 |
| June | 84.7139 | 77.3377 | 80.9816 |
| July | 91.2027 | 77.0960 | 83.3744 |
| August | 91.0710 | 85.8792 | 88.5417 |
| September | 97.1665 | 88.8004 | 92.7923 |
| October | 96.4620 | 91.9106 | 93.1922 |
| November | 95.8872 | 91.3214 | 93.3941 |
| December | 93.3799 | 82.1307 | 86.2491 |