2022 AOA to NGN Historical Review

YEARLY HIGH

1.0317 NGN

YEARLY LOW

0.7412 NGN

YEARLY AVERAGE

0.9258 NGN

2022 AOA to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the AOA to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 9, valuing the pair at 1.0317. Conversely, the yearly low was recorded on January 9, dropping to 0.7412.

This high-to-low spread represents a total annual volatility of 0.2905 NGN. From a start-to-finish perspective, comparing the January average rate of 0.7697 to the December average rate of 0.8828, the exchange rate registered a net change of 14.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 1.0317 was up 37.90% compared to the 2021 peak of 0.7482, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AOA based on timing:

Yearly Peak High 5,159 NGN

2021 Average 3,228 NGN

Yearly Trough Low 3,706 NGN

Transaction Impact: A difference of 1,452.60 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

1.0333

0.7457

JanuMarcMayJulySeptNove

AOA to NGN 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 0.9049, compared to 0.9467 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0419 points.

H1 Avg (Jan–Jun) 0.9049

H2 Avg (Jul–Dec) 0.9467

Volatility Range Comparison

Volatility

The most volatile month in 2022 was October, with a trading range of 0.0944 NGN (High: 0.9993 / Low: 0.9049). On the other end, December was the most stable month, with a tight range of 0.0145 NGN (High: 0.8900 / Low: 0.8756).

October Spread (Volatile) ±0.0944

December Spread (Stable) ±0.0145

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0846 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0846

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2022: 1.0093) against the same month in 2021 (average: 0.6215), the exchange rate shifted by +0.3879 (+62.41%).

2022 Avg (May) 1.0093

2021 Avg (May) 0.6215

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7859	0.7412	0.7697
February	0.8376	0.7878	0.8091
March	0.9281	0.8375	0.8931
April	1.0294	0.9350	0.9821
May	1.0317	0.9807	1.0093
June	0.9785	0.9525	0.9659
July	0.9841	0.9599	0.9722
August	0.9944	0.9627	0.9799
September	1.0141	0.9808	0.9955
October	0.9993	0.9049	0.9674
November	0.9059	0.8644	0.8827
December	0.8900	0.8756	0.8828