2022 GMD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 GMD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the GMD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 7.9862. Conversely, the yearly low was recorded on December 10, dropping to 7.1094.
This high-to-low spread represents a total annual volatility of 0.8768 NGN. From a start-to-finish perspective, comparing the January average rate of 7.8359 to the December average rate of 7.1760, the exchange rate registered a net change of -8.42% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 7.9862 was down 1.05% compared to the 2021 peak of 8.0706, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
GMD 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 7.7558, compared to 7.5644 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1914 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was November, with a trading range of 0.4055 NGN (High: 7.5320 / Low: 7.1265). On the other end, April was the most stable month, with a tight range of 0.0735 NGN (High: 7.7493 / Low: 7.6758).
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 0.4639 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2022: 7.8148) against the same month in 2021 (average: 8.0030), the exchange rate shifted by -0.1881 (-2.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.9023 | 7.7732 | 7.8359 |
| February | 7.8845 | 7.7727 | 7.8326 |
| March | 7.8591 | 7.6137 | 7.7749 |
| April | 7.7493 | 7.6758 | 7.7069 |
| May | 7.7521 | 7.6319 | 7.6952 |
| June | 7.7516 | 7.6642 | 7.6895 |
| July | 7.8626 | 7.6713 | 7.7482 |
| August | 7.8530 | 7.5857 | 7.7446 |
| September | 7.9862 | 7.6442 | 7.8148 |
| October | 7.8151 | 7.4862 | 7.6833 |
| November | 7.5320 | 7.1265 | 7.2195 |
| December | 7.2511 | 7.1094 | 7.1760 |