2022 JOD to NGN Historical Review

YEARLY HIGH

632.7934 NGN

YEARLY LOW

579.6521 NGN

YEARLY AVERAGE

597.4201 NGN

2022 JOD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the JOD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 632.7934. Conversely, the yearly low was recorded on January 9, dropping to 579.6521.

This high-to-low spread represents a total annual volatility of 53.1413 NGN. From a start-to-finish perspective, comparing the January average rate of 583.5594 to the December average rate of 627.9056, the exchange rate registered a net change of 7.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 632.7934 was up 8.41% compared to the 2021 peak of 583.7252, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,163,967 NGN

2021 Average 2,844,711 NGN

Yearly Trough Low 2,898,260 NGN

Transaction Impact: A difference of 265,706.53 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

632.3402

579.1248

JanuMarcMayJulySeptNove

JOD 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 585.9502, compared to 608.8901 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 22.9398 points.

H1 Avg (Jan–Jun) 585.9502

H2 Avg (Jul–Dec) 608.8901

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 22.6095 NGN (High: 616.7086 / Low: 594.0991). On the other end, May was the most stable month, with a tight range of 3.8258 NGN (High: 586.4426 / Low: 582.6168).

September Spread (Volatile) ±22.6095

May Spread (Stable) ±3.8258

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 0.6899 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.6899

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 627.9056) against the same month in 2021 (average: 580.0184), the exchange rate shifted by +47.8871 (+8.26%).

2022 Avg (December) 627.9056

2021 Avg (December) 580.0184

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	586.5347	579.6521	583.5594
February	590.5058	584.3239	586.9161
March	590.2608	585.7109	586.9092
April	588.5772	584.6544	586.2193
May	586.4426	582.6168	585.5876
June	592.0321	584.3647	586.5097
July	599.5239	584.9365	590.5870
August	601.4387	586.0488	593.6817
September	616.7086	594.0991	604.1844
October	620.4954	609.1152	614.3196
November	626.2662	614.2186	622.6622
December	632.7934	625.2669	627.9056