2022 LRD to NGN Historical Review

YEARLY HIGH

2.9145 NGN

YEARLY LOW

2.6867 NGN

YEARLY AVERAGE

2.7709 NGN

2022 LRD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the LRD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 2.9145. Conversely, the yearly low was recorded on February 27, dropping to 2.6867.

This high-to-low spread represents a total annual volatility of 0.2279 NGN. From a start-to-finish perspective, comparing the January average rate of 2.7700 to the December average rate of 2.8883, the exchange rate registered a net change of 4.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 2.9145 was up 0.00% compared to the 2021 peak of 2.9145, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,573 NGN

2021 Average 12,196 NGN

Yearly Trough Low 13,433 NGN

Transaction Impact: A difference of 1,139.35 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

2.9064

2.6896

JanuMarcMayJulySeptNove

LRD 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 2.7315, compared to 2.8103 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0789 points.

H1 Avg (Jan–Jun) 2.7315

H2 Avg (Jul–Dec) 2.8103

Volatility Range Comparison

Volatility

The most volatile month in 2022 was January, with a trading range of 0.1134 NGN (High: 2.8386 / Low: 2.7252). On the other end, April was the most stable month, with a tight range of 0.0231 NGN (High: 2.7454 / Low: 2.7224).

January Spread (Volatile) ±0.1134

April Spread (Stable) ±0.0231

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0623 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0623

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 2.8883) against the same month in 2021 (average: 2.8842), the exchange rate shifted by +0.0042 (+0.14%).

2022 Avg (December) 2.8883

2021 Avg (December) 2.8842

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8386	2.7252	2.7700
February	2.7257	2.6867	2.7077
March	2.7247	2.6954	2.7092
April	2.7454	2.7224	2.7304
May	2.7587	2.7027	2.7363
June	2.7615	2.7208	2.7351
July	2.7885	2.7205	2.7453
August	2.7762	2.7060	2.7401
September	2.8393	2.7328	2.7841
October	2.8623	2.8111	2.8348
November	2.8912	2.8339	2.8694
December	2.9145	2.8792	2.8883