2022 CVE to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 CVE to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the CVE to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 4.3272. Conversely, the yearly low was recorded on September 28, dropping to 3.7546.
This high-to-low spread represents a total annual volatility of 0.5726 NGN. From a start-to-finish perspective, comparing the January average rate of 4.2353 to the December average rate of 4.2682, the exchange rate registered a net change of 0.78% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 4.3272 was down 5.20% compared to the 2021 peak of 4.5643, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CVE based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
CVE 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 4.1093, compared to 3.9665 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1428 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was September, with a trading range of 0.2893 NGN (High: 4.0439 / Low: 3.7546). On the other end, June was the most stable month, with a tight range of 0.0956 NGN (High: 4.0253 / Low: 3.9297).
Growth Streaks & Declines
TrendsBetween August and December, 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 February and March, when the average rate fell by 0.1250 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 4.2682) against the same month in 2021 (average: 4.1963), the exchange rate shifted by +0.0719 (+1.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.2946 | 4.1804 | 4.2353 |
| February | 4.3215 | 4.1911 | 4.2637 |
| March | 4.2187 | 4.0845 | 4.1386 |
| April | 4.1621 | 3.9396 | 4.0744 |
| May | 4.0266 | 3.9065 | 3.9681 |
| June | 4.0253 | 3.9297 | 3.9756 |
| July | 3.9853 | 3.7897 | 3.8938 |
| August | 3.9193 | 3.8002 | 3.8523 |
| September | 4.0439 | 3.7546 | 3.8544 |
| October | 3.9352 | 3.7641 | 3.8637 |
| November | 4.1959 | 3.9102 | 4.0665 |
| December | 4.3272 | 4.1747 | 4.2682 |