2022 LBP to NGN Historical Review

YEARLY HIGH

0.2958 NGN

YEARLY LOW

0.2664 NGN

YEARLY AVERAGE

0.2795 NGN

2022 LBP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the LBP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.2958. Conversely, the yearly low was recorded on May 16, dropping to 0.2664.

This high-to-low spread represents a total annual volatility of 0.0294 NGN. From a start-to-finish perspective, comparing the January average rate of 0.2737 to the December average rate of 0.2933, the exchange rate registered a net change of 7.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.2958 was up 8.21% compared to the 2021 peak of 0.2733, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,479 NGN

2021 Average 1,327 NGN

Yearly Trough Low 1,332 NGN

Transaction Impact: A difference of 146.91 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.2953

0.2714

JanuMarcMayJulySeptNove

LBP 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 0.2742, compared to 0.2848 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0106 points.

H1 Avg (Jan–Jun) 0.2742

H2 Avg (Jul–Dec) 0.2848

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.0134 NGN (High: 0.2906 / Low: 0.2773). On the other end, April was the most stable month, with a tight range of 0.0032 NGN (High: 0.2755 / Low: 0.2723).

September Spread (Volatile) ±0.0134

April Spread (Stable) ±0.0032

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 0.0008 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 0.2933) against the same month in 2021 (average: 0.2707), the exchange rate shifted by +0.0226 (+8.34%).

2022 Avg (December) 0.2933

2021 Avg (December) 0.2707

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2754	0.2718	0.2737
February	0.2769	0.2726	0.2748
March	0.2786	0.2733	0.2749
April	0.2755	0.2723	0.2741
May	0.2754	0.2664	0.2734
June	0.2779	0.2722	0.2742
July	0.2816	0.2740	0.2770
August	0.2815	0.2730	0.2773
September	0.2906	0.2773	0.2833
October	0.2910	0.2823	0.2868
November	0.2935	0.2876	0.2911
December	0.2958	0.2912	0.2933