2023 NGN to LBP Historical Review

YEARLY HIGH

33.4686 LBP

YEARLY LOW

3.2758 LBP

YEARLY AVERAGE

22.5656 LBP

2023 NGN to LBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 33.4686. Conversely, the yearly low was recorded on February 3, dropping to 3.2758.

This high-to-low spread represents a total annual volatility of 30.1928 LBP. From a start-to-finish perspective, comparing the January average rate of 3.3348 to the December average rate of 18.6144, the exchange rate registered a net change of 458.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 33.4686 was up 791.53% compared to the 2022 peak of 3.7540, 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 33,468,608 LBP

2022 Average 3,579,841 LBP

Yearly Trough Low 3,275,797 LBP

Transaction Impact: A difference of 30,192,810.66 LBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

35.7389

0.3890

JanuMarcMayJulySeptNove

NGN to LBP 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 25.9579, compared to 19.1732 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.7846 points.

H1 Avg (Jan–Jun) 25.9579

H2 Avg (Jul–Dec) 19.1732

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 30.1928 LBP (High: 33.4686 / Low: 3.2758). On the other end, January was the most stable month, with a tight range of 0.1157 LBP (High: 3.4033 / Low: 3.2876).

February Spread (Volatile) ±30.1928

January Spread (Stable) ±0.1157

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 7.2605 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -7.2605

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 27.5384) against the same month in 2022 (average: 3.6386), the exchange rate shifted by +23.8998 (+656.84%).

2023 Avg (February) 27.5384

2022 Avg (February) 3.6386

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.4033	3.2876	3.3348
February	33.4686	3.2758	27.5384
March	33.1255	32.5839	32.7931
April	33.0630	32.3236	32.7274
May	33.0878	32.3533	32.7008
June	33.0133	18.5358	26.6527
July	19.9886	18.9407	19.3922
August	19.9860	19.3634	19.6236
September	20.3447	19.0744	19.4518
October	19.8026	17.0125	19.2170
November	19.0894	18.1668	18.7406
December	19.7057	16.7634	18.6144