2024 NGN to LYD Historical Review

YEARLY HIGH

0.0056 LYD

YEARLY LOW

0.0028 LYD

YEARLY AVERAGE

0.0034 LYD

2024 NGN to LYD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to LYD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0056. Conversely, the yearly low was recorded on October 2, dropping to 0.0028.

This high-to-low spread represents a total annual volatility of 0.0028 LYD. From a start-to-finish perspective, comparing the January average rate of 0.0053 to the December average rate of 0.0031, the exchange rate registered a net change of -40.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0056 was down 47.97% compared to the 2023 peak of 0.0108, 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 5,617 LYD

2023 Average 8,110 LYD

Yearly Trough Low 2,836 LYD

Transaction Impact: A difference of 2,780.87 LYD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0055

0.0027

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 0.0038, compared to 0.0030 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0038

H2 Avg (Jul–Dec) 0.0030

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0024 LYD (High: 0.0054 / Low: 0.0030). On the other end, November was the most stable month, with a tight range of 0.0001 LYD (High: 0.0029 / Low: 0.0029).

February Spread (Volatile) ±0.0024

November Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No 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 0.0016 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0053) against the same month in 2023 (average: 0.0105), the exchange rate shifted by -0.0052 (-49.86%).

2024 Avg (January) 0.0053

2023 Avg (January) 0.0105

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0056	0.0050	0.0053
February	0.0054	0.0030	0.0037
March	0.0035	0.0030	0.0032
April	0.0040	0.0034	0.0038
May	0.0039	0.0032	0.0034
June	0.0035	0.0032	0.0033
July	0.0035	0.0029	0.0032
August	0.0030	0.0029	0.0030
September	0.0030	0.0028	0.0029
October	0.0030	0.0028	0.0029
November	0.0029	0.0029	0.0029
December	0.0032	0.0029	0.0031