2022 MVR to NGN Historical Review

YEARLY HIGH

29.1455 NGN

YEARLY LOW

26.1747 NGN

YEARLY AVERAGE

27.4669 NGN

2022 MVR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MVR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 29.1455. Conversely, the yearly low was recorded on June 12, dropping to 26.1747.

This high-to-low spread represents a total annual volatility of 2.9708 NGN. From a start-to-finish perspective, comparing the January average rate of 26.7823 to the December average rate of 28.9740, the exchange rate registered a net change of 8.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 29.1455 was up 8.45% compared to the 2021 peak of 26.8741, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 145,727 NGN

2021 Average 130,688 NGN

Yearly Trough Low 130,873 NGN

Transaction Impact: A difference of 14,854.12 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

29.1932

26.5632

JanuMarcMayJulySeptNove

MVR 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 26.9043, compared to 28.0296 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1253 points.

H1 Avg (Jan–Jun) 26.9043

H2 Avg (Jul–Dec) 28.0296

Volatility Range Comparison

Volatility

The most volatile month in 2022 was June, with a trading range of 1.1478 NGN (High: 27.3225 / Low: 26.1747). On the other end, April was the most stable month, with a tight range of 0.1616 NGN (High: 26.9914 / Low: 26.8298).

June Spread (Volatile) ±1.1478

April Spread (Stable) ±0.1616

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 0.0349 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0349

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 28.9740) against the same month in 2021 (average: 26.6348), the exchange rate shifted by +2.3392 (+8.78%).

2022 Avg (December) 28.9740

2021 Avg (December) 26.6348

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	26.9161	26.6002	26.7823
February	27.0983	26.8146	26.9364
March	27.0870	26.8798	26.9397
April	26.9914	26.8298	26.9048
May	26.9370	26.7363	26.8808
June	27.3225	26.1747	26.9816
July	27.6367	26.7787	27.1844
August	27.7708	26.9811	27.3992
September	28.3007	27.3111	27.7389
October	28.5299	27.9767	28.2156
November	28.9568	28.2429	28.6655
December	29.1455	28.8428	28.9740