2022 JMD to NGN Historical Review

YEARLY HIGH

2.9535 NGN

YEARLY LOW

2.6457 NGN

YEARLY AVERAGE

2.7611 NGN

2022 JMD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the JMD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2.9535. Conversely, the yearly low was recorded on February 16, dropping to 2.6457.

This high-to-low spread represents a total annual volatility of 0.3078 NGN. From a start-to-finish perspective, comparing the January average rate of 2.6702 to the December average rate of 2.9061, the exchange rate registered a net change of 8.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 2.9535 was up 4.74% compared to the 2021 peak of 2.8198, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,767 NGN

2021 Average 13,392 NGN

Yearly Trough Low 13,229 NGN

Transaction Impact: A difference of 1,538.82 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

2.9306

2.6370

JanuMarcMayJulySeptNove

JMD 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 2.6901, compared to 2.8321 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1420 points.

H1 Avg (Jan–Jun) 2.6901

H2 Avg (Jul–Dec) 2.8321

Volatility Range Comparison

Volatility

The most volatile month in 2022 was August, with a trading range of 0.1128 NGN (High: 2.8299 / Low: 2.7171). On the other end, May was the most stable month, with a tight range of 0.0254 NGN (High: 2.7006 / Low: 2.6752).

August Spread (Volatile) ±0.1128

May Spread (Stable) ±0.0254

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0209 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0209

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 2.9061) against the same month in 2021 (average: 2.6637), the exchange rate shifted by +0.2424 (+9.10%).

2022 Avg (December) 2.9061

2021 Avg (December) 2.6637

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6888	2.6507	2.6702
February	2.6899	2.6457	2.6615
March	2.7298	2.6816	2.7104
April	2.7168	2.6552	2.6895
May	2.7006	2.6752	2.6845
June	2.7687	2.6874	2.7247
July	2.8064	2.7044	2.7614
August	2.8299	2.7171	2.7731
September	2.8933	2.7903	2.8276
October	2.8858	2.8122	2.8512
November	2.8872	2.8548	2.8732
December	2.9535	2.8822	2.9061