2022 NGN to CNY Historical Review

YEARLY HIGH

0.0167 CNY

YEARLY LOW

0.0151 CNY

YEARLY AVERAGE

0.0159 CNY

2022 NGN to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 0.0167. Conversely, the yearly low was recorded on March 6, dropping to 0.0151.

This high-to-low spread represents a total annual volatility of 0.0016 CNY. From a start-to-finish perspective, comparing the January average rate of 0.0154 to the December average rate of 0.0157, the exchange rate registered a net change of 1.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0167 was down 2.91% compared to the 2021 peak of 0.0172, 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 16,735 CNY

2021 Average 16,011 CNY

Yearly Trough Low 15,099 CNY

Transaction Impact: A difference of 1,636.12 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0166

0.0151

JanuMarcMayJulySeptNove

NGN to CNY 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 0.0156, compared to 0.0162 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0156

H2 Avg (Jul–Dec) 0.0162

Volatility Range Comparison

Volatility

The most volatile month in 2022 was April, with a trading range of 0.0007 CNY (High: 0.0160 / Low: 0.0152). On the other end, February was the most stable month, with a tight range of 0.0001 CNY (High: 0.0153 / Low: 0.0152).

April Spread (Volatile) ±0.0007

February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and May, 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 November and December, when the average rate fell by 0.0006 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2022: 0.0165) against the same month in 2021 (average: 0.0156), the exchange rate shifted by +0.0009 (+5.65%).

2022 Avg (October) 0.0165

2021 Avg (October) 0.0156

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0155	0.0152	0.0154
February	0.0153	0.0152	0.0152
March	0.0153	0.0151	0.0152
April	0.0160	0.0152	0.0155
May	0.0163	0.0159	0.0161
June	0.0163	0.0159	0.0161
July	0.0163	0.0159	0.0161
August	0.0164	0.0160	0.0162
September	0.0167	0.0162	0.0164
October	0.0167	0.0163	0.0165
November	0.0166	0.0159	0.0162
December	0.0159	0.0154	0.0157