2024 LYD to NGN Historical Review

YEARLY HIGH

352.5780 NGN

YEARLY LOW

178.0270 NGN

YEARLY AVERAGE

304.3537 NGN

2024 LYD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the LYD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 352.5780. Conversely, the yearly low was recorded on January 17, dropping to 178.0270.

This high-to-low spread represents a total annual volatility of 174.5510 NGN. From a start-to-finish perspective, comparing the January average rate of 189.7694 to the December average rate of 321.1589, the exchange rate registered a net change of 69.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 352.5780 was up 87.19% compared to the 2023 peak of 188.3526, 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 1,762,890 NGN

2023 Average 659,809 NGN

Yearly Trough Low 890,135 NGN

Transaction Impact: A difference of 872,754.99 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

359.6686

174.3240

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 275.7619, compared to 332.9455 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 57.1836 points.

H1 Avg (Jan–Jun) 275.7619

H2 Avg (Jul–Dec) 332.9455

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 146.2914 NGN (High: 332.0248 / Low: 185.7334). On the other end, November was the most stable month, with a tight range of 7.7525 NGN (High: 347.9203 / Low: 340.1678).

February Spread (Volatile) ±146.2914

November Spread (Stable) ±7.7525

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 53.4503 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -53.4503

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 341.4746) against the same month in 2023 (average: 160.0485), the exchange rate shifted by +181.4261 (+113.36%).

2024 Avg (October) 341.4746

2023 Avg (October) 160.0485

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	199.8332	178.0270	189.7694
February	332.0248	185.7334	284.2632
March	334.9522	288.5886	317.0300
April	293.8317	248.6328	263.5797
May	312.2881	253.3333	292.3016
June	312.8244	288.3916	307.6275
July	343.8435	289.2278	313.9351
August	343.8862	329.5020	333.3951
September	352.1810	333.8521	343.4861
October	352.5780	338.0856	341.4746
November	347.9203	340.1678	344.2233
December	344.3035	314.7506	321.1589