2023 LYD to NGN Historical Review

YEARLY HIGH

188.3526 NGN

YEARLY LOW

92.6305 NGN

YEARLY AVERAGE

131.7216 NGN

2023 LYD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LYD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 188.3526. Conversely, the yearly low was recorded on January 1, dropping to 92.6305.

This high-to-low spread represents a total annual volatility of 95.7221 NGN. From a start-to-finish perspective, comparing the January average rate of 95.0836 to the December average rate of 168.5272, the exchange rate registered a net change of 77.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 188.3526 was up 102.82% compared to the 2022 peak of 92.8663, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 941,763 NGN

2022 Average 440,977 NGN

Yearly Trough Low 463,153 NGN

Transaction Impact: A difference of 478,610.29 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

175.8716

87.7393

JanuMarcMayJulySeptNove

LYD 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 100.7882, compared to 162.6550 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 61.8668 points.

H1 Avg (Jan–Jun) 100.7882

H2 Avg (Jul–Dec) 162.6550

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 76.4546 NGN (High: 171.6371 / Low: 95.1826). On the other end, April was the most stable month, with a tight range of 1.5390 NGN (High: 97.8444 / Low: 96.3054).

June Spread (Volatile) ±76.4546

April Spread (Stable) ±1.5390

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 3.3423 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.3423

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 168.5272) against the same month in 2022 (average: 92.0716), the exchange rate shifted by +76.4555 (+83.04%).

2023 Avg (December) 168.5272

2022 Avg (December) 92.0716

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	96.9415	92.6305	95.0836
February	97.3445	94.9152	96.0235
March	96.6774	94.8680	95.6681
April	97.8444	96.3054	96.8791
May	97.4484	95.3687	96.4727
June	171.6371	95.1826	124.6023
July	167.4613	158.0603	162.9363
August	162.2523	156.6912	159.5940
September	162.6919	153.5640	159.5402
October	180.7393	154.6764	160.0485
November	170.7503	159.5688	165.2842
December	188.3526	159.0608	168.5272