2022 BAM to NGN Historical Review

YEARLY HIGH

244.2260 NGN

YEARLY LOW

210.7503 NGN

YEARLY AVERAGE

228.2344 NGN

2022 BAM to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the BAM to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 244.2260. Conversely, the yearly low was recorded on September 28, dropping to 210.7503.

This high-to-low spread represents a total annual volatility of 33.4757 NGN. From a start-to-finish perspective, comparing the January average rate of 239.4587 to the December average rate of 241.0348, the exchange rate registered a net change of 0.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 244.2260 was down 5.50% compared to the 2021 peak of 258.4444, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,221,130 NGN

2021 Average 1,219,645 NGN

Yearly Trough Low 1,053,752 NGN

Transaction Impact: A difference of 167,378.34 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

243.9481

214.9566

JanuMarcMayJulySeptNove

BAM 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 232.4963, compared to 223.9726 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.5237 points.

H1 Avg (Jan–Jun) 232.4963

H2 Avg (Jul–Dec) 223.9726

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 17.5266 NGN (High: 237.5637 / Low: 220.0371). On the other end, February was the most stable month, with a tight range of 6.0906 NGN (High: 244.1671 / Low: 238.0764).

November Spread (Volatile) ±17.5266

February Spread (Stable) ±6.0906

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 7.1564 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -7.1564

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 241.0348) against the same month in 2021 (average: 237.6537), the exchange rate shifted by +3.3811 (+1.42%).

2022 Avg (December) 241.0348

2021 Avg (December) 237.6537

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	242.6476	236.5229	239.4587
February	244.1671	238.0764	241.5321
March	237.7550	231.0107	234.3757
April	235.6799	223.0556	230.1306
May	228.7157	220.7184	224.5913
June	227.9034	220.7643	224.8891
July	223.3649	213.5651	218.3874
August	221.1257	214.7332	217.9202
September	222.6327	210.7503	217.3726
October	223.3858	214.5636	218.6832
November	237.5637	220.0371	230.4372
December	244.2260	236.9385	241.0348