2022 ETB to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 ETB to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the ETB to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 8.3815. Conversely, the yearly low was recorded on August 6, dropping to 7.8722.
This high-to-low spread represents a total annual volatility of 0.5092 NGN. From a start-to-finish perspective, comparing the January average rate of 8.3434 to the December average rate of 8.3191, the exchange rate registered a net change of -0.29% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 8.3815 was down 18.03% compared to the 2021 peak of 10.2256, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
ETB 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 8.1417, compared to 8.1724 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0307 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was July, with a trading range of 0.2789 NGN (High: 8.1569 / Low: 7.8780). On the other end, January was the most stable month, with a tight range of 0.0786 NGN (High: 8.3815 / Low: 8.3029).
Growth Streaks & Declines
TrendsBetween June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1054 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2022: 8.3434) against the same month in 2021 (average: 9.8394), the exchange rate shifted by -1.4960 (-15.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.3815 | 8.3029 | 8.3434 |
| February | 8.3309 | 8.1446 | 8.2406 |
| March | 8.1792 | 8.0965 | 8.1352 |
| April | 8.1498 | 8.0280 | 8.0875 |
| May | 8.0801 | 7.9936 | 8.0406 |
| June | 8.0831 | 7.9442 | 8.0030 |
| July | 8.1569 | 7.8780 | 8.0105 |
| August | 8.0751 | 7.8722 | 8.0134 |
| September | 8.2292 | 8.0078 | 8.1357 |
| October | 8.3271 | 8.1735 | 8.2477 |
| November | 8.3634 | 8.2544 | 8.3080 |
| December | 8.3781 | 8.2911 | 8.3191 |