2022 AED to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 AED to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the AED to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 122.2066. Conversely, the yearly low was recorded on January 9, dropping to 111.8899.
This high-to-low spread represents a total annual volatility of 10.3166 NGN. From a start-to-finish perspective, comparing the January average rate of 112.6472 to the December average rate of 121.2655, the exchange rate registered a net change of 7.65% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 122.2066 was up 8.46% compared to the 2021 peak of 112.6735, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AED based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
AED to NGN 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 113.1127, compared to 117.5479 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.4352 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was September, with a trading range of 4.3626 NGN (High: 119.0402 / Low: 114.6775). On the other end, May was the most stable month, with a tight range of 0.7385 NGN (High: 113.1981 / Low: 112.4596).
Growth Streaks & Declines
TrendsBetween May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1331 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 121.2655) against the same month in 2021 (average: 111.9593), the exchange rate shifted by +9.3062 (+8.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 113.2158 | 111.8899 | 112.6472 |
| February | 113.9824 | 112.7915 | 113.2935 |
| March | 113.9369 | 113.0632 | 113.2937 |
| April | 113.6101 | 112.8560 | 113.1686 |
| May | 113.1981 | 112.4596 | 113.0356 |
| June | 114.2770 | 112.9637 | 113.2374 |
| July | 115.7248 | 112.9098 | 113.9997 |
| August | 116.0927 | 113.1250 | 114.5975 |
| September | 119.0402 | 114.6775 | 116.6285 |
| October | 119.7743 | 117.7094 | 118.5937 |
| November | 120.8890 | 118.6473 | 120.2024 |
| December | 122.2066 | 120.7465 | 121.2655 |