2024 NGN to LBP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NGN to LBP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NGN to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 74.5573. Conversely, the yearly low was recorded on February 20, dropping to 9.3382.
This high-to-low spread represents a total annual volatility of 65.2191 LBP. From a start-to-finish perspective, comparing the January average rate of 16.4997 to the December average rate of 57.0049, the exchange rate registered a net change of 245.49% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 74.5573 was up 122.77% compared to the 2023 peak of 33.4686, 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 LBP 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 48.9008, compared to 55.8726 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.9718 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 51.5143 LBP (High: 60.8526 / Low: 9.3382). On the other end, November was the most stable month, with a tight range of 1.7311 LBP (High: 54.5395 / Low: 52.8084).
Growth Streaks & Declines
TrendsBetween January and April, 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 April and May, when the average rate fell by 6.7086 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 70.1130) against the same month in 2023 (average: 32.7274), the exchange rate shifted by +37.3856 (+114.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 17.5110 | 15.6725 | 16.4997 |
| February | 60.8526 | 9.3382 | 24.5977 |
| March | 64.2963 | 55.5643 | 58.7385 |
| April | 74.5573 | 63.0378 | 70.1130 |
| May | 72.5911 | 58.9654 | 63.4044 |
| June | 63.7269 | 58.9973 | 60.0515 |
| July | 63.7476 | 53.9349 | 59.1143 |
| August | 57.0383 | 53.9166 | 56.0582 |
| September | 56.3425 | 53.6407 | 54.8292 |
| October | 55.3847 | 53.5911 | 54.7104 |
| November | 54.5395 | 52.8084 | 53.5185 |
| December | 57.8733 | 53.1896 | 57.0049 |