2023 NGN to LYD Historical Review

YEARLY HIGH

0.0108 LYD

YEARLY LOW

0.0053 LYD

YEARLY AVERAGE

0.0081 LYD

2023 NGN to LYD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to LYD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0108. Conversely, the yearly low was recorded on December 28, dropping to 0.0053.

This high-to-low spread represents a total annual volatility of 0.0055 LYD. From a start-to-finish perspective, comparing the January average rate of 0.0105 to the December average rate of 0.0059, the exchange rate registered a net change of -43.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0108 was down 8.35% compared to the 2022 peak of 0.0118, 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 10,796 LYD

2022 Average 11,345 LYD

Yearly Trough Low 5,309 LYD

Transaction Impact: A difference of 5,486.39 LYD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0110

0.0055

JanuMarcMayJulySeptNove

NGN to LYD 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 0.0101, compared to 0.0062 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 0.0101

H2 Avg (Jul–Dec) 0.0062

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0047 LYD (High: 0.0105 / Low: 0.0058). On the other end, April was the most stable month, with a tight range of 0.0002 LYD (High: 0.0104 / Low: 0.0102).

June Spread (Volatile) ±0.0047

April Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between July and September, 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 0.0024 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0105) against the same month in 2022 (average: 0.0111), the exchange rate shifted by -0.0006 (-5.16%).

2023 Avg (January) 0.0105

2022 Avg (January) 0.0111

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0108	0.0103	0.0105
February	0.0105	0.0103	0.0104
March	0.0105	0.0103	0.0105
April	0.0104	0.0102	0.0103
May	0.0105	0.0103	0.0104
June	0.0105	0.0058	0.0085
July	0.0063	0.0060	0.0061
August	0.0064	0.0062	0.0063
September	0.0065	0.0061	0.0063
October	0.0065	0.0055	0.0063
November	0.0063	0.0059	0.0061
December	0.0063	0.0053	0.0059