2022 BOB to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 BOB to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the BOB to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 64.9502. Conversely, the yearly low was recorded on January 3, dropping to 59.6129.
This high-to-low spread represents a total annual volatility of 5.3373 NGN. From a start-to-finish perspective, comparing the January average rate of 60.0575 to the December average rate of 64.4279, the exchange rate registered a net change of 7.28% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 64.9502 was up 8.21% compared to the 2021 peak of 60.0207, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BOB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
BOB 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 60.3602, compared to 62.5511 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1909 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was September, with a trading range of 1.9826 NGN (High: 62.8805 / Low: 60.8979). On the other end, March was the most stable month, with a tight range of 0.2215 NGN (High: 60.6133 / Low: 60.3918).
Growth Streaks & Declines
TrendsBetween April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1407 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 64.4279) against the same month in 2021 (average: 59.5976), the exchange rate shifted by +4.8303 (+8.10%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 60.4066 | 59.6129 | 60.0575 |
| February | 60.7068 | 60.3454 | 60.4682 |
| March | 60.6133 | 60.3918 | 60.4963 |
| April | 60.4994 | 59.6771 | 60.3555 |
| May | 60.5319 | 60.2120 | 60.3862 |
| June | 61.0307 | 59.8653 | 60.3976 |
| July | 62.0180 | 60.3118 | 60.9066 |
| August | 61.6577 | 60.2915 | 60.9720 |
| September | 62.8805 | 60.8979 | 62.0268 |
| October | 63.9000 | 62.3248 | 63.0274 |
| November | 64.2607 | 63.4672 | 63.9458 |
| December | 64.9502 | 64.1529 | 64.4279 |