2022 FKP to NGN Historical Review

YEARLY HIGH

567.8195 NGN

YEARLY LOW

464.7039 NGN

YEARLY AVERAGE

523.7031 NGN

2022 FKP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the FKP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 12, valuing the pair at 567.8195. Conversely, the yearly low was recorded on September 25, dropping to 464.7039.

This high-to-low spread represents a total annual volatility of 103.1156 NGN. From a start-to-finish perspective, comparing the January average rate of 560.8501 to the December average rate of 542.1642, the exchange rate registered a net change of -3.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 567.8195 was down 3.12% compared to the 2021 peak of 586.0828, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,839,097 NGN

2021 Average 2,774,316 NGN

Yearly Trough Low 2,323,519 NGN

Transaction Impact: A difference of 515,578.06 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

570.9363

477.5268

JanuMarcMayJulySeptNove

FKP 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 539.8360, compared to 507.5703 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 32.2658 points.

H1 Avg (Jan–Jun) 539.8360

H2 Avg (Jul–Dec) 507.5703

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 46.6025 NGN (High: 536.5338 / Low: 489.9312). On the other end, January was the most stable month, with a tight range of 12.1806 NGN (High: 567.3691 / Low: 555.1885).

November Spread (Volatile) ±46.6025

January Spread (Stable) ±12.1806

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 20.9960 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -20.9960

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2022: 563.1521) against the same month in 2021 (average: 541.0140), the exchange rate shifted by +22.1381 (+4.09%).

2022 Avg (February) 563.1521

2021 Avg (February) 541.0140

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	567.3691	555.1885	560.8501
February	567.8195	553.9881	563.1521
March	557.1439	540.6410	547.8446
April	547.2086	517.5837	537.9313
May	524.7819	507.1011	516.9353
June	522.4758	503.2744	512.3026
July	513.3322	492.4567	502.9170
August	517.2591	487.6653	503.5108
September	496.4785	464.7039	485.3109
October	508.6712	476.1471	492.1110
November	536.5338	489.9312	519.4077
December	553.2057	536.0842	542.1642