2022 BGN to NGN Historical Review

YEARLY HIGH

245.2337 NGN

YEARLY LOW

212.3285 NGN

YEARLY AVERAGE

228.1791 NGN

2022 BGN to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the BGN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 245.2337. Conversely, the yearly low was recorded on September 27, dropping to 212.3285.

This high-to-low spread represents a total annual volatility of 32.9052 NGN. From a start-to-finish perspective, comparing the January average rate of 239.4721 to the December average rate of 240.9818, the exchange rate registered a net change of 0.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 245.2337 was down 5.09% compared to the 2021 peak of 258.3979, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,226,169 NGN

2021 Average 1,219,507 NGN

Yearly Trough Low 1,061,642 NGN

Transaction Impact: A difference of 164,526.23 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

243.8713

214.7055

JanuMarcMayJulySeptNove

BGN 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 232.3679, compared to 223.9902 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.3777 points.

H1 Avg (Jan–Jun) 232.3679

H2 Avg (Jul–Dec) 223.9902

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 17.5755 NGN (High: 236.0996 / Low: 218.5242). On the other end, February was the most stable month, with a tight range of 5.6341 NGN (High: 243.8694 / Low: 238.2353).

November Spread (Volatile) ±17.5755

February Spread (Stable) ±5.6341

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 7.2577 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -7.2577

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 240.9818) against the same month in 2021 (average: 237.5826), the exchange rate shifted by +3.3992 (+1.43%).

2022 Avg (December) 240.9818

2021 Avg (December) 237.5826

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	242.3304	236.5291	239.4721
February	243.8694	238.2353	241.4408
March	237.3112	230.5222	234.1831
April	235.6040	222.9094	229.9260
May	228.8064	220.2780	224.4342
June	228.2920	220.9985	224.7514
July	222.5367	213.5515	218.1764
August	221.2806	215.1627	217.7375
September	221.9741	212.3285	217.1360
October	224.1208	214.7714	219.0670
November	236.0996	218.5242	230.8428
December	245.2337	236.9496	240.9818