2020 NGN to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NGN to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NGN to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 24.5781. Conversely, the yearly low was recorded on March 31, dropping to 22.8371.
This high-to-low spread represents a total annual volatility of 1.7411 LAK. From a start-to-finish perspective, comparing the January average rate of 24.5233 to the December average rate of 24.1955, the exchange rate registered a net change of -1.34% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 24.5781 was down 13.72% compared to the 2019 peak of 28.4881, 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 2020.
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 23.7862, compared to 23.9074 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1212 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 1.6883 LAK (High: 24.5254 / Low: 22.8371). On the other end, July was the most stable month, with a tight range of 0.1424 LAK (High: 23.4325 / Low: 23.2901).
Growth Streaks & Declines
TrendsBetween May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.7586 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2020: 24.5233) against the same month in 2019 (average: 23.5427), the exchange rate shifted by +0.9806 (+4.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.5781 | 24.3927 | 24.5233 |
| February | 24.5442 | 24.3357 | 24.4420 |
| March | 24.5254 | 22.8371 | 24.0534 |
| April | 24.4278 | 22.8587 | 23.2947 |
| May | 23.2757 | 22.9947 | 23.1216 |
| June | 23.3810 | 23.2047 | 23.2823 |
| July | 23.4325 | 23.2901 | 23.3524 |
| August | 23.9762 | 23.3654 | 23.6079 |
| September | 24.1090 | 23.5296 | 23.8133 |
| October | 24.4536 | 23.9241 | 24.1956 |
| November | 24.4100 | 24.1128 | 24.2800 |
| December | 24.4796 | 23.5265 | 24.1955 |