2022 NGN to GHS Historical Review

YEARLY HIGH

0.0329 GHS

YEARLY LOW

0.0149 GHS

YEARLY AVERAGE

0.0211 GHS

2022 NGN to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 21, valuing the pair at 0.0329. Conversely, the yearly low was recorded on January 15, dropping to 0.0149.

This high-to-low spread represents a total annual volatility of 0.0181 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0150 to the December average rate of 0.0250, the exchange rate registered a net change of 66.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0329 was up 113.94% compared to the 2021 peak of 0.0154, 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 32,945 GHS

2021 Average 14,693 GHS

Yearly Trough Low 14,893 GHS

Transaction Impact: A difference of 18,051.79 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0342

0.0133

JanuMarcMayJulySeptNove

NGN to GHS 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 0.0173, compared to 0.0250 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0077 points.

H1 Avg (Jan–Jun) 0.0173

H2 Avg (Jul–Dec) 0.0250

Volatility Range Comparison

Volatility

The most volatile month in 2022 was December, with a trading range of 0.0132 GHS (High: 0.0318 / Low: 0.0186). On the other end, January was the most stable month, with a tight range of 0.0003 GHS (High: 0.0152 / Low: 0.0149).

December Spread (Volatile) ±0.0132

January Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0075 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0075

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2022: 0.0325) against the same month in 2021 (average: 0.0149), the exchange rate shifted by +0.0176 (+117.85%).

2022 Avg (November) 0.0325

2021 Avg (November) 0.0149

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0152	0.0149	0.0150
February	0.0164	0.0152	0.0156
March	0.0182	0.0164	0.0174
April	0.0184	0.0179	0.0181
May	0.0188	0.0180	0.0184
June	0.0194	0.0188	0.0191
July	0.0203	0.0191	0.0195
August	0.0239	0.0201	0.0222
September	0.0242	0.0231	0.0236
October	0.0322	0.0237	0.0273
November	0.0329	0.0312	0.0325
December	0.0318	0.0186	0.0250