2019 NGN to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 NGN to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the NGN to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 26, valuing the pair at 28.4881. Conversely, the yearly low was recorded on January 12, dropping to 23.4247.
This high-to-low spread represents a total annual volatility of 5.0634 LAK. From a start-to-finish perspective, comparing the January average rate of 23.5427 to the December average rate of 24.4730, the exchange rate registered a net change of 3.95% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 28.4881 was up 20.17% compared to the 2018 peak of 23.7071, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
NGN to LAK 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 24.0318, compared to 24.3501 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3183 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was August, with a trading range of 4.7912 LAK (High: 28.4881 / Low: 23.6969). On the other end, November was the most stable month, with a tight range of 0.1001 LAK (High: 24.5090 / Low: 24.4089).
Growth Streaks & Declines
TrendsBetween January and June, 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 June and July, when the average rate fell by 0.9302 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2019: 24.3021) against the same month in 2018 (average: 23.5166), the exchange rate shifted by +0.7856 (+3.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.6754 | 23.4247 | 23.5427 |
| February | 23.7673 | 23.6489 | 23.7239 |
| March | 23.9276 | 23.7189 | 23.8367 |
| April | 24.1699 | 23.8627 | 23.9811 |
| May | 24.1985 | 23.9320 | 24.0343 |
| June | 28.4073 | 24.0014 | 25.0721 |
| July | 24.2363 | 24.0638 | 24.1419 |
| August | 28.4881 | 23.6969 | 24.3021 |
| September | 24.4598 | 24.1092 | 24.3385 |
| October | 24.4666 | 24.3026 | 24.3981 |
| November | 24.5090 | 24.4089 | 24.4468 |
| December | 24.5367 | 24.4243 | 24.4730 |