2022 DJF to NGN Historical Review

YEARLY HIGH

2.5249 NGN

YEARLY LOW

2.3085 NGN

YEARLY AVERAGE

2.3797 NGN

2022 DJF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the DJF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 2.5249. Conversely, the yearly low was recorded on April 17, dropping to 2.3085.

This high-to-low spread represents a total annual volatility of 0.2164 NGN. From a start-to-finish perspective, comparing the January average rate of 2.3264 to the December average rate of 2.5040, the exchange rate registered a net change of 7.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 2.5249 was up 8.82% compared to the 2021 peak of 2.3202, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,625 NGN

2021 Average 11,329 NGN

Yearly Trough Low 11,543 NGN

Transaction Impact: A difference of 1,082.19 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

2.5217

2.3087

JanuMarcMayJulySeptNove

DJF 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 2.3327, compared to 2.4267 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0940 points.

H1 Avg (Jan–Jun) 2.3327

H2 Avg (Jul–Dec) 2.4267

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.0817 NGN (High: 2.4406 / Low: 2.3589). On the other end, February was the most stable month, with a tight range of 0.0186 NGN (High: 2.3516 / Low: 2.3330).

September Spread (Volatile) ±0.0817

February Spread (Stable) ±0.0186

Growth Streaks & Declines

Trends

Between 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 0.0066 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0066

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 2.5040) against the same month in 2021 (average: 2.3096), the exchange rate shifted by +0.1944 (+8.42%).

2022 Avg (December) 2.5040

2021 Avg (December) 2.3096

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3392	2.3114	2.3264
February	2.3516	2.3330	2.3389
March	2.3440	2.3228	2.3365
April	2.3395	2.3085	2.3299
May	2.3401	2.3141	2.3310
June	2.3578	2.3122	2.3334
July	2.3916	2.3277	2.3537
August	2.3922	2.3283	2.3613
September	2.4406	2.3589	2.4067
October	2.4804	2.4239	2.4497
November	2.4972	2.4658	2.4848
December	2.5249	2.4913	2.5040