2022 NGN to IRR Historical Review

YEARLY HIGH

102.8047 IRR

YEARLY LOW

92.2377 IRR

YEARLY AVERAGE

99.8517 IRR

2022 NGN to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 102.8047. Conversely, the yearly low was recorded on December 19, dropping to 92.2377.

This high-to-low spread represents a total annual volatility of 10.5670 IRR. From a start-to-finish perspective, comparing the January average rate of 102.1402 to the December average rate of 93.6716, the exchange rate registered a net change of -8.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 102.8047 was down 7.34% compared to the 2021 peak of 110.9486, 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 102,804,723 IRR

2021 Average 104,603,479 IRR

Yearly Trough Low 92,237,694 IRR

Transaction Impact: A difference of 10,567,028.54 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

102.9870

92.8247

JanuMarcMayJulySeptNove

NGN to IRR 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 101.8023, compared to 97.9010 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.9013 points.

H1 Avg (Jan–Jun) 101.8023

H2 Avg (Jul–Dec) 97.9010

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 3.6860 IRR (High: 100.5422 / Low: 96.8561). On the other end, May was the most stable month, with a tight range of 0.7079 IRR (High: 102.4026 / Low: 101.6947).

September Spread (Volatile) ±3.6860

May Spread (Stable) ±0.7079

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 2.3013 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.3013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 102.1402) against the same month in 2021 (average: 108.5893), the exchange rate shifted by -6.4491 (-5.94%).

2022 Avg (January) 102.1402

2021 Avg (January) 108.5893

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	102.8047	101.5984	102.1402
February	101.8078	100.9151	101.5497
March	101.8478	100.7858	101.6051
April	102.1664	101.2458	101.8147
May	102.4026	101.6947	101.9226
June	102.2916	100.6736	101.7817
July	102.1171	99.6324	101.1339
August	101.9233	99.2372	100.5725
September	100.5422	96.8561	98.8303
October	97.9485	96.3787	97.2251
November	97.1803	95.5084	95.9729
December	95.6028	92.2377	93.6716