2022 NGN to EGP Historical Review

YEARLY HIGH

0.0557 EGP

YEARLY LOW

0.0375 EGP

YEARLY AVERAGE

0.0452 EGP

2022 NGN to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 0.0557. Conversely, the yearly low was recorded on March 5, dropping to 0.0375.

This high-to-low spread represents a total annual volatility of 0.0181 EGP. From a start-to-finish perspective, comparing the January average rate of 0.0380 to the December average rate of 0.0554, the exchange rate registered a net change of 45.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0557 was up 34.42% compared to the 2021 peak of 0.0414, 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 55,673 EGP

2021 Average 38,949 EGP

Yearly Trough Low 37,527 EGP

Transaction Impact: A difference of 18,146.17 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0571

0.0360

JanuMarcMayJulySeptNove

NGN to EGP 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 0.0416, compared to 0.0488 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0072 points.

H1 Avg (Jan–Jun) 0.0416

H2 Avg (Jul–Dec) 0.0488

Volatility Range Comparison

Volatility

The most volatile month in 2022 was October, with a trading range of 0.0101 EGP (High: 0.0550 / Low: 0.0448). On the other end, December was the most stable month, with a tight range of 0.0005 EGP (High: 0.0555 / Low: 0.0551).

October Spread (Volatile) ±0.0101

December Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0002 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2022: 0.0553) against the same month in 2021 (average: 0.0383), the exchange rate shifted by +0.0171 (+44.58%).

2022 Avg (November) 0.0553

2021 Avg (November) 0.0383

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0383	0.0378	0.0380
February	0.0380	0.0375	0.0378
March	0.0446	0.0375	0.0400
April	0.0447	0.0438	0.0443
May	0.0448	0.0440	0.0444
June	0.0453	0.0447	0.0450
July	0.0456	0.0444	0.0451
August	0.0461	0.0449	0.0455
September	0.0457	0.0446	0.0453
October	0.0550	0.0448	0.0463
November	0.0557	0.0549	0.0553
December	0.0555	0.0551	0.0554