2023 NGN to LAK Historical Review

YEARLY HIGH

39.3564 LAK

YEARLY LOW

22.6914 LAK

YEARLY AVERAGE

30.9712 LAK

2023 NGN to LAK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 39.3564. Conversely, the yearly low was recorded on June 23, dropping to 22.6914.

This high-to-low spread represents a total annual volatility of 16.6650 LAK. From a start-to-finish perspective, comparing the January average rate of 37.3778 to the December average rate of 25.5479, the exchange rate registered a net change of -31.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 39.3564 was down 5.57% compared to the 2022 peak of 41.6798, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 39,356,392 LAK

2022 Average 33,618,563 LAK

Yearly Trough Low 22,691,373 LAK

Transaction Impact: A difference of 16,665,019.14 LAK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

39.3925

23.2470

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 36.3735, compared to 25.5688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 10.8046 points.

H1 Avg (Jan–Jun) 36.3735

H2 Avg (Jul–Dec) 25.5688

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 16.6650 LAK (High: 39.3564 / Low: 22.6914). On the other end, March was the most stable month, with a tight range of 0.4481 LAK (High: 36.9401 / Low: 36.4920).

June Spread (Volatile) ±16.6650

March Spread (Stable) ±0.4481

Growth Streaks & Declines

Trends

Between February and May, 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 June and July, when the average rate fell by 7.6887 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -7.6887

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 32.2812) against the same month in 2022 (average: 34.9652), the exchange rate shifted by -2.6840 (-7.68%).

2023 Avg (June) 32.2812

2022 Avg (June) 34.9652

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.7667	36.5564	37.3778
February	36.9089	36.2733	36.6555
March	36.9401	36.4920	36.7097
April	37.5731	36.5762	37.1697
May	38.5186	37.5292	38.0471
June	39.3564	22.6914	32.2812
July	25.0998	24.0853	24.5925
August	25.8586	24.5437	25.3348
September	26.4526	25.0477	25.7458
October	27.0942	23.4168	26.3505
November	26.3412	25.0647	25.8416
December	26.9436	22.8955	25.5479