2022 GNF to NGN Historical Review

YEARLY HIGH

0.0517 NGN

YEARLY LOW

0.0441 NGN

YEARLY AVERAGE

0.0481 NGN

2022 GNF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the GNF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.0517. Conversely, the yearly low was recorded on January 3, dropping to 0.0441.

This high-to-low spread represents a total annual volatility of 0.0076 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0455 to the December average rate of 0.0512, the exchange rate registered a net change of 12.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0517 was up 17.01% compared to the 2021 peak of 0.0442, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 259 NGN

2021 Average 205 NGN

Yearly Trough Low 221 NGN

Transaction Impact: A difference of 38.01 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0518

0.0449

JanuMarcMayJulySeptNove

GNF 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 0.0465, compared to 0.0497 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0032 points.

H1 Avg (Jan–Jun) 0.0465

H2 Avg (Jul–Dec) 0.0497

Volatility Range Comparison

Volatility

The most volatile month in 2022 was January, with a trading range of 0.0021 NGN (High: 0.0462 / Low: 0.0441). On the other end, March was the most stable month, with a tight range of 0.0004 NGN (High: 0.0467 / Low: 0.0462).

January Spread (Volatile) ±0.0021

March Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 0.0512) against the same month in 2021 (average: 0.0437), the exchange rate shifted by +0.0075 (+17.24%).

2022 Avg (December) 0.0512

2021 Avg (December) 0.0437

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0462	0.0441	0.0455
February	0.0464	0.0457	0.0462
March	0.0467	0.0462	0.0465
April	0.0472	0.0463	0.0467
May	0.0474	0.0468	0.0470
June	0.0483	0.0466	0.0473
July	0.0491	0.0472	0.0482
August	0.0493	0.0475	0.0484
September	0.0503	0.0484	0.0493
October	0.0509	0.0493	0.0502
November	0.0515	0.0504	0.0509
December	0.0517	0.0506	0.0512