2022 CAD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 CAD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the CAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 333.9521. Conversely, the yearly low was recorded on October 1, dropping to 312.6195.
This high-to-low spread represents a total annual volatility of 21.3326 NGN. From a start-to-finish perspective, comparing the January average rate of 327.6558 to the December average rate of 327.3618, the exchange rate registered a net change of -0.09% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 333.9521 was down 2.33% compared to the 2021 peak of 341.9228, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
CAD 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 326.7416, compared to 324.2419 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.4997 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was September, with a trading range of 15.4265 NGN (High: 328.0461 / Low: 312.6195). On the other end, February was the most stable month, with a tight range of 4.0361 NGN (High: 328.8292 / Low: 324.7931).
Growth Streaks & Declines
TrendsBetween February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 5.7682 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2022: 329.0007) against the same month in 2021 (average: 308.6705), the exchange rate shifted by +20.3302 (+6.59%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 332.2854 | 322.7270 | 327.6558 |
| February | 328.8292 | 324.7931 | 326.9907 |
| March | 333.9521 | 322.3307 | 329.0007 |
| April | 333.1960 | 322.8643 | 329.0191 |
| May | 328.5343 | 318.5213 | 323.2508 |
| June | 331.0762 | 318.8519 | 324.5323 |
| July | 329.2725 | 318.7392 | 323.9309 |
| August | 329.4059 | 319.9471 | 325.6084 |
| September | 328.0461 | 312.6195 | 321.8210 |
| October | 323.1891 | 312.6195 | 317.8617 |
| November | 332.5366 | 319.1418 | 328.8674 |
| December | 330.3272 | 323.2970 | 327.3618 |