2024 NGN to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NGN to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NGN to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 24.0589. Conversely, the yearly low was recorded on November 26, dropping to 12.9281.
This high-to-low spread represents a total annual volatility of 11.1308 LAK. From a start-to-finish perspective, comparing the January average rate of 22.6664 to the December average rate of 13.9387, the exchange rate registered a net change of -38.50% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 24.0589 was down 38.87% compared to the 2023 peak of 39.3564, 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 2024.
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 16.4448, compared to 13.7450 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.6999 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 10.1625 LAK (High: 23.1559 / Low: 12.9934). On the other end, October was the most stable month, with a tight range of 0.4202 LAK (High: 13.6313 / Low: 13.2111).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 6.7762 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 22.6664) against the same month in 2023 (average: 37.3778), the exchange rate shifted by -14.7114 (-39.36%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.0589 | 21.5192 | 22.6664 |
| February | 23.1559 | 12.9934 | 15.8902 |
| March | 15.0689 | 12.9800 | 13.7273 |
| April | 17.7065 | 14.8527 | 16.6379 |
| May | 17.2749 | 14.0949 | 15.1263 |
| June | 15.7006 | 14.2861 | 14.6209 |
| July | 15.7597 | 13.3512 | 14.6157 |
| August | 14.0324 | 13.3565 | 13.8565 |
| September | 13.9067 | 13.2245 | 13.5287 |
| October | 13.6313 | 13.2111 | 13.4215 |
| November | 13.3562 | 12.9281 | 13.1087 |
| December | 14.1526 | 13.0328 | 13.9387 |