2022 MGA to NGN Historical Review

YEARLY HIGH

0.1047 NGN

YEARLY LOW

0.0984 NGN

YEARLY AVERAGE

0.1026 NGN

2022 MGA to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MGA to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 12, valuing the pair at 0.1047. Conversely, the yearly low was recorded on August 6, dropping to 0.0984.

This high-to-low spread represents a total annual volatility of 0.0063 NGN. From a start-to-finish perspective, comparing the January average rate of 0.1040 to the December average rate of 0.1007, the exchange rate registered a net change of -3.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.1047 was down 4.93% compared to the 2021 peak of 0.1101, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 524 NGN

2021 Average 523 NGN

Yearly Trough Low 492 NGN

Transaction Impact: A difference of 31.31 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.1047

0.1004

JanuMarcMayJulySeptNove

MGA 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 0.1035, compared to 0.1017 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.1035

H2 Avg (Jul–Dec) 0.1017

Volatility Range Comparison

Volatility

The most volatile month in 2022 was July, with a trading range of 0.0049 NGN (High: 0.1034 / Low: 0.0985). On the other end, February was the most stable month, with a tight range of 0.0009 NGN (High: 0.1047 / Low: 0.1038).

July Spread (Volatile) ±0.0049

February Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between August and October, 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 November and December, when the average rate fell by 0.0018 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2022: 0.1044) against the same month in 2021 (average: 0.1036), the exchange rate shifted by +0.0007 (+0.70%).

2022 Avg (February) 0.1044

2021 Avg (February) 0.1036

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1045	0.1033	0.1040
February	0.1047	0.1038	0.1044
March	0.1043	0.1028	0.1035
April	0.1044	0.1024	0.1034
May	0.1043	0.1026	0.1034
June	0.1041	0.1018	0.1027
July	0.1034	0.0985	0.1011
August	0.1030	0.0984	0.1008
September	0.1041	0.1010	0.1025
October	0.1035	0.1018	0.1027
November	0.1034	0.1018	0.1025
December	0.1018	0.0999	0.1007