2022 MXN to NGN Historical Review

YEARLY HIGH

23.1846 NGN

YEARLY LOW

19.4471 NGN

YEARLY AVERAGE

21.0827 NGN

2022 MXN to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MXN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 1, valuing the pair at 23.1846. Conversely, the yearly low was recorded on March 8, dropping to 19.4471.

This high-to-low spread represents a total annual volatility of 3.7375 NGN. From a start-to-finish perspective, comparing the January average rate of 20.1827 to the December average rate of 22.7383, the exchange rate registered a net change of 12.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 23.1846 was up 10.82% compared to the 2021 peak of 20.9204, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 1,159,230 NGN

2021 Average 994,690 NGN

Yearly Trough Low 972,354 NGN

Transaction Impact: A difference of 186,875.64 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

22.9939

19.9272

JanuMarcMayJulySeptNove

MXN 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 20.5096, compared to 21.6558 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1461 points.

H1 Avg (Jan–Jun) 20.5096

H2 Avg (Jul–Dec) 21.6558

Volatility Range Comparison

Volatility

The most volatile month in 2022 was March, with a trading range of 1.4716 NGN (High: 20.9187 / Low: 19.4471). On the other end, February was the most stable month, with a tight range of 0.4187 NGN (High: 20.5435 / Low: 20.1248).

March Spread (Volatile) ±1.4716

February Spread (Stable) ±0.4187

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.3950 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3950

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 22.7383) against the same month in 2021 (average: 19.6840), the exchange rate shifted by +3.0543 (+15.52%).

2022 Avg (December) 22.7383

2021 Avg (December) 19.6840

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.4572	19.9170	20.1827
February	20.5435	20.1248	20.3318
March	20.9187	19.4471	20.2603
April	21.0360	20.2986	20.7105
May	21.2327	20.2910	20.7527
June	21.2745	20.2678	20.8199
July	20.7778	19.9625	20.4249
August	21.3554	20.2668	20.9089
September	21.7383	20.8882	21.3651
October	22.2095	21.4617	21.7973
November	23.0783	22.2707	22.7003
December	23.1846	22.3622	22.7383