We introduce a simple geometrical two-dimensional continued fraction a
lgorithm inspired from dynamical renormalization. We prove that the al
gorithm is weakly convergent, and that the associated transformation a
dmits an ergodic absolutely continuous invariant probability measure.
Following Kosygin and Baldwin, its Lyapunov exponents are related to t
he approximation exponents which measure the diophantine quality of th
e continued fraction. The Lyapunov exponents for our algorithm, and re
lated ones also introduced in this article, are studied numerically.