2022 NAD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 NAD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the NAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 28.6614. Conversely, the yearly low was recorded on October 24, dropping to 23.7874.
This high-to-low spread represents a total annual volatility of 4.8739 NGN. From a start-to-finish perspective, comparing the January average rate of 26.6960 to the December average rate of 25.8333, the exchange rate registered a net change of -3.23% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 28.6614 was down 6.25% compared to the 2021 peak of 30.5706, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
NAD to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 26.9913, compared to 25.1337 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8577 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was March, with a trading range of 2.6289 NGN (High: 28.6614 / Low: 26.0324). On the other end, October was the most stable month, with a tight range of 0.6378 NGN (High: 24.4252 / Low: 23.7874).
Growth Streaks & Declines
TrendsBetween January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.6867 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2022: 27.7223) against the same month in 2021 (average: 25.9073), the exchange rate shifted by +1.8150 (+7.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.4923 | 25.7801 | 26.6960 |
| February | 27.6352 | 26.7665 | 27.3176 |
| March | 28.6614 | 26.0324 | 27.7223 |
| April | 28.5575 | 25.9358 | 27.7644 |
| May | 26.6167 | 25.6490 | 26.0777 |
| June | 27.1239 | 25.8018 | 26.3699 |
| July | 26.8427 | 24.7454 | 26.0461 |
| August | 25.8938 | 24.7943 | 25.2018 |
| September | 25.0059 | 23.9143 | 24.4281 |
| October | 24.4252 | 23.7874 | 24.0639 |
| November | 26.1738 | 23.9510 | 25.2288 |
| December | 26.3422 | 25.2063 | 25.8333 |