2022 NGN to BOB Historical Review

YEARLY HIGH

0.0168 BOB

YEARLY LOW

0.0154 BOB

YEARLY AVERAGE

0.0163 BOB

2022 NGN to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0168. Conversely, the yearly low was recorded on December 19, dropping to 0.0154.

This high-to-low spread represents a total annual volatility of 0.0014 BOB. From a start-to-finish perspective, comparing the January average rate of 0.0167 to the December average rate of 0.0155, the exchange rate registered a net change of -6.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0168 was down 8.00% compared to the 2021 peak of 0.0182, 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 16,775 BOB

2021 Average 17,129 BOB

Yearly Trough Low 15,396 BOB

Transaction Impact: A difference of 1,378.47 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0168

0.0154

JanuMarcMayJulySeptNove

NGN to BOB 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 0.0166, compared to 0.0160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0166

H2 Avg (Jul–Dec) 0.0160

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.0005 BOB (High: 0.0164 / Low: 0.0159). On the other end, March was the most stable month, with a tight range of 0.0001 BOB (High: 0.0166 / Low: 0.0165).

September Spread (Volatile) ±0.0005

March Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2022. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0003 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 0.0167) against the same month in 2021 (average: 0.0178), the exchange rate shifted by -0.0011 (-6.29%).

2022 Avg (January) 0.0167

2021 Avg (January) 0.0178

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0168	0.0166	0.0167
February	0.0166	0.0165	0.0165
March	0.0166	0.0165	0.0165
April	0.0168	0.0165	0.0166
May	0.0166	0.0165	0.0166
June	0.0167	0.0164	0.0166
July	0.0166	0.0161	0.0164
August	0.0166	0.0162	0.0164
September	0.0164	0.0159	0.0161
October	0.0160	0.0156	0.0159
November	0.0158	0.0156	0.0156
December	0.0156	0.0154	0.0155