2022 NGN to GMD Historical Review

YEARLY HIGH

0.1407 GMD

YEARLY LOW

0.1252 GMD

YEARLY AVERAGE

0.1307 GMD

2022 NGN to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 0.1407. Conversely, the yearly low was recorded on September 24, dropping to 0.1252.

This high-to-low spread represents a total annual volatility of 0.0154 GMD. From a start-to-finish perspective, comparing the January average rate of 0.1276 to the December average rate of 0.1394, the exchange rate registered a net change of 9.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.1407 was up 3.42% compared to the 2021 peak of 0.1360, 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 140,658 GMD

2021 Average 127,822 GMD

Yearly Trough Low 125,215 GMD

Transaction Impact: A difference of 15,442.89 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.1405

0.1264

JanuMarcMayJulySeptNove

NGN to GMD 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 0.1289, compared to 0.1324 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0034 points.

H1 Avg (Jan–Jun) 0.1289

H2 Avg (Jul–Dec) 0.1324

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0076 GMD (High: 0.1403 / Low: 0.1328). On the other end, April was the most stable month, with a tight range of 0.0012 GMD (High: 0.1303 / Low: 0.1290).

November Spread (Volatile) ±0.0076

April Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0012 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 0.1394) against the same month in 2021 (average: 0.1277), the exchange rate shifted by +0.0116 (+9.10%).

2022 Avg (December) 0.1394

2021 Avg (December) 0.1277

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1286	0.1265	0.1276
February	0.1287	0.1268	0.1277
March	0.1313	0.1272	0.1286
April	0.1303	0.1290	0.1298
May	0.1310	0.1290	0.1300
June	0.1305	0.1290	0.1300
July	0.1304	0.1272	0.1291
August	0.1318	0.1273	0.1291
September	0.1308	0.1252	0.1280
October	0.1336	0.1280	0.1302
November	0.1403	0.1328	0.1385
December	0.1407	0.1379	0.1394