2022 EGP to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 EGP to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the EGP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 4, valuing the pair at 26.6477. Conversely, the yearly low was recorded on November 27, dropping to 17.9621.
This high-to-low spread represents a total annual volatility of 8.6856 NGN. From a start-to-finish perspective, comparing the January average rate of 26.3216 to the December average rate of 18.0628, the exchange rate registered a net change of -31.38% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 26.6477 was up 0.97% compared to the 2021 peak of 26.3906, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
EGP 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 24.1966, compared to 20.6780 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.5185 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was March, with a trading range of 4.2384 NGN (High: 26.6477 / Low: 22.4093). On the other end, December was the most stable month, with a tight range of 0.1476 NGN (High: 18.1521 / Low: 18.0045).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2022. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 3.6010 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2022: 25.1150) against the same month in 2021 (average: 24.7090), the exchange rate shifted by +0.4060 (+1.64%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 26.4748 | 26.1347 | 26.3216 |
| February | 26.6465 | 26.3021 | 26.4635 |
| March | 26.6477 | 22.4093 | 25.1150 |
| April | 22.8091 | 22.3500 | 22.5518 |
| May | 22.7493 | 22.3042 | 22.5175 |
| June | 22.3925 | 22.0709 | 22.2099 |
| July | 22.5156 | 21.9262 | 22.1637 |
| August | 22.2801 | 21.6993 | 21.9785 |
| September | 22.4344 | 21.8800 | 22.0995 |
| October | 22.2985 | 18.1952 | 21.6823 |
| November | 18.2233 | 17.9621 | 18.0813 |
| December | 18.1521 | 18.0045 | 18.0628 |