Rangers are set to host Leipzig in the second leg of their Europa League final tonight in the biggest game of their recent history.
The Glasgow giants are trailing 1-0 from the first leg and are facing an uphill task to overturn the deficit at home as they look to reach their first European final in 14 years.
Boyd conceded that Leipzig are the favourites and should fancy their chances of getting a result in Scotland given their European pedigree this season.
However, he stressed the importance of the Ibrox atmosphere and how the crowd could come alive on European nights if Rangers start the game well and put Leipzig under pressure under the floodlights.
The former Rangers star said on Sky Sports Scotland: “Of course, Leipzig are up 1-0 and will fancy their chances.
“They have scored in every game in Europe this season, even in the Champions League.
“They are a formidable force, Rangers will have to be at their best to overturn that 1-0 deficit tonight.
“But they have shown in the past that Ibrox in European nights are a special occasion and if the players start the game brightly, the fans get right behind them then it can be a difficult place to play football.
“That’s exactly what Giovanni van Bronckhorst will be looking for his players to do and you just never know.
“I’d rather be in Leipzig’s position, leading 1-0, but at Ibrox, you never know what can happen.”
With the league title almost out of reach, Rangers are banking on winning the Europa League to reach the group stage of the Champions League next season.