2022 NGN to INR Historical Review

YEARLY HIGH

0.1926 INR

YEARLY LOW

0.1783 INR

YEARLY AVERAGE

0.1855 INR

2022 NGN to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 22, valuing the pair at 0.1926. Conversely, the yearly low was recorded on January 12, dropping to 0.1783.

This high-to-low spread represents a total annual volatility of 0.0143 INR. From a start-to-finish perspective, comparing the January average rate of 0.1799 to the December average rate of 0.1851, the exchange rate registered a net change of 2.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.1926 was down 2.84% compared to the 2021 peak of 0.1982, 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 192,605 INR

2021 Average 183,414 INR

Yearly Trough Low 178,285 INR

Transaction Impact: A difference of 14,319.51 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.1909

0.1789

JanuMarcMayJulySeptNove

NGN to INR 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 0.1834, compared to 0.1875 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0041 points.

H1 Avg (Jan–Jun) 0.1834

H2 Avg (Jul–Dec) 0.1875

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0062 INR (High: 0.1889 / Low: 0.1827). On the other end, February was the most stable month, with a tight range of 0.0027 INR (High: 0.1821 / Low: 0.1794).

November Spread (Volatile) ±0.0062

February Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between January and July, 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 October and November, when the average rate fell by 0.0043 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2022: 0.1899) against the same month in 2021 (average: 0.1812), the exchange rate shifted by +0.0087 (+4.79%).

2022 Avg (July) 0.1899

2021 Avg (July) 0.1812

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1811	0.1783	0.1799
February	0.1821	0.1794	0.1802
March	0.1856	0.1817	0.1832
April	0.1846	0.1814	0.1833
May	0.1875	0.1829	0.1862
June	0.1905	0.1857	0.1877
July	0.1926	0.1877	0.1899
August	0.1914	0.1863	0.1891
September	0.1891	0.1841	0.1873
October	0.1910	0.1873	0.1890
November	0.1889	0.1827	0.1847
December	0.1864	0.1829	0.1851