2022 NGN to DJF Historical Review

YEARLY HIGH

0.4332 DJF

YEARLY LOW

0.3960 DJF

YEARLY AVERAGE

0.4205 DJF

2022 NGN to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 17, valuing the pair at 0.4332. Conversely, the yearly low was recorded on December 19, dropping to 0.3960.

This high-to-low spread represents a total annual volatility of 0.0371 DJF. From a start-to-finish perspective, comparing the January average rate of 0.4298 to the December average rate of 0.3994, the exchange rate registered a net change of -7.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.4332 was down 7.68% compared to the 2021 peak of 0.4692, 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 433,180 DJF

2021 Average 441,736 DJF

Yearly Trough Low 396,048 DJF

Transaction Impact: A difference of 37,131.98 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.4329

0.3963

JanuMarcMayJulySeptNove

NGN to DJF 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 0.4287, compared to 0.4123 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0164 points.

H1 Avg (Jan–Jun) 0.4287

H2 Avg (Jul–Dec) 0.4123

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.0142 DJF (High: 0.4239 / Low: 0.4097). On the other end, February was the most stable month, with a tight range of 0.0034 DJF (High: 0.4286 / Low: 0.4252).

September Spread (Volatile) ±0.0142

February Spread (Stable) ±0.0034

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0080 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0080

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2022: 0.4292) against the same month in 2021 (average: 0.4558), the exchange rate shifted by -0.0266 (-5.84%).

2022 Avg (April) 0.4292

2021 Avg (April) 0.4558

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4326	0.4275	0.4298
February	0.4286	0.4252	0.4275
March	0.4305	0.4266	0.4280
April	0.4332	0.4274	0.4292
May	0.4321	0.4273	0.4290
June	0.4325	0.4241	0.4286
July	0.4296	0.4181	0.4249
August	0.4295	0.4180	0.4235
September	0.4239	0.4097	0.4156
October	0.4126	0.4032	0.4082
November	0.4055	0.4004	0.4024
December	0.4014	0.3960	0.3994