2022 MAD to NGN Historical Review

YEARLY HIGH

44.9715 NGN

YEARLY LOW

38.8341 NGN

YEARLY AVERAGE

41.7846 NGN

2022 MAD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 44.9715. Conversely, the yearly low was recorded on September 28, dropping to 38.8341.

This high-to-low spread represents a total annual volatility of 6.1374 NGN. From a start-to-finish perspective, comparing the January average rate of 44.5385 to the December average rate of 42.3499, the exchange rate registered a net change of -4.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 44.9715 was down 4.12% compared to the 2021 peak of 46.9016, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 224,858 NGN

2021 Average 224,353 NGN

Yearly Trough Low 194,171 NGN

Transaction Impact: A difference of 30,686.96 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

45.0167

39.2792

JanuMarcMayJulySeptNove

MAD 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 42.8496, compared to 40.7195 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1300 points.

H1 Avg (Jan–Jun) 42.8496

H2 Avg (Jul–Dec) 40.7195

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 1.9510 NGN (High: 41.7089 / Low: 39.7580). On the other end, January was the most stable month, with a tight range of 0.9192 NGN (High: 44.9715 / Low: 44.0524).

November Spread (Volatile) ±1.9510

January Spread (Stable) ±0.9192

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.5681 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.5681

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 44.5385) against the same month in 2021 (average: 43.5504), the exchange rate shifted by +0.9882 (+2.27%).

2022 Avg (January) 44.5385

2021 Avg (January) 43.5504

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	44.9715	44.0524	44.5385
February	44.7707	43.5731	44.3234
March	43.5484	41.6361	42.7553
April	42.9046	41.5327	42.3319
May	42.0192	40.9779	41.5144
June	42.2366	40.8714	41.6339
July	41.7329	39.8192	40.9283
August	41.0674	39.7760	40.4353
September	40.7526	38.8341	39.8838
October	40.3129	39.2748	39.7573
November	41.7089	39.7580	40.9626
December	42.9247	41.9182	42.3499