YEARLY HIGH
0.0037 AUD
YEARLY LOW
0.0032 AUD
YEARLY AVERAGE
0.0034 AUD

2022 NGN to AUD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to AUD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 14, valuing the pair at 0.0037. Conversely, the yearly low was recorded on April 5, dropping to 0.0032.

This high-to-low spread represents a total annual volatility of 0.0005 AUD. From a start-to-finish perspective, comparing the January average rate of 0.0034 to the December average rate of 0.0033, the exchange rate registered a net change of -1.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0037 was up 6.36% compared to the 2021 peak of 0.0035, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 3,707 AUD
2021 Average 3,304 AUD
Yearly Trough Low 3,170 AUD
Transaction Impact: A difference of 536.84 AUD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0036
0.0032
JanuMarcMayJulySeptNove

NGN to AUD 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 0.0033, compared to 0.0035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0033
H2 Avg (Jul–Dec) 0.0035

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0003 AUD (High: 0.0036 / Low: 0.0033). On the other end, February was the most stable month, with a tight range of 0.0001 AUD (High: 0.0034 / Low: 0.0033).

November Spread (Volatile) ±0.0003
February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0002 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2022: 0.0036) against the same month in 2021 (average: 0.0033), the exchange rate shifted by +0.0003 (+9.82%).

2022 Avg (October) 0.0036
2021 Avg (October) 0.0033

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0034 0.0033 0.0034
February 0.0034 0.0033 0.0034
March 0.0033 0.0032 0.0033
April 0.0034 0.0032 0.0033
May 0.0035 0.0033 0.0034
June 0.0035 0.0033 0.0034
July 0.0036 0.0034 0.0035
August 0.0035 0.0033 0.0034
September 0.0036 0.0034 0.0035
October 0.0037 0.0035 0.0036
November 0.0036 0.0033 0.0034
December 0.0034 0.0033 0.0033