2022 NGN to CVE Historical Review

YEARLY HIGH

0.2663 CVE

YEARLY LOW

0.2311 CVE

YEARLY AVERAGE

0.2480 CVE

2022 NGN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on September 28, valuing the pair at 0.2663. Conversely, the yearly low was recorded on December 31, dropping to 0.2311.

This high-to-low spread represents a total annual volatility of 0.0352 CVE. From a start-to-finish perspective, comparing the January average rate of 0.2361 to the December average rate of 0.2343, the exchange rate registered a net change of -0.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.2663 was up 7.64% compared to the 2021 peak of 0.2474, 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 266,340 CVE

2021 Average 232,193 CVE

Yearly Trough Low 231,097 CVE

Transaction Impact: A difference of 35,242.85 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.2621

0.2318

JanuMarcMayJulySeptNove

NGN to CVE 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 0.2436, compared to 0.2525 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0090 points.

H1 Avg (Jan–Jun) 0.2436

H2 Avg (Jul–Dec) 0.2525

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.0191 CVE (High: 0.2663 / Low: 0.2473). On the other end, June was the most stable month, with a tight range of 0.0060 CVE (High: 0.2545 / Low: 0.2484).

September Spread (Volatile) ±0.0191

June Spread (Stable) ±0.0060

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 October and November, when the average rate fell by 0.0128 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0128

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 0.2595) against the same month in 2021 (average: 0.2281), the exchange rate shifted by +0.0314 (+13.75%).

2022 Avg (September) 0.2595

2021 Avg (September) 0.2281

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2392	0.2328	0.2361
February	0.2386	0.2314	0.2346
March	0.2448	0.2370	0.2416
April	0.2538	0.2403	0.2455
May	0.2560	0.2483	0.2520
June	0.2545	0.2484	0.2516
July	0.2639	0.2509	0.2569
August	0.2631	0.2551	0.2596
September	0.2663	0.2473	0.2595
October	0.2657	0.2541	0.2589
November	0.2557	0.2383	0.2460
December	0.2395	0.2311	0.2343