2022 NGN to ISK Historical Review

YEARLY HIGH

0.3389 ISK

YEARLY LOW

0.2980 ISK

YEARLY AVERAGE

0.3191 ISK

2022 NGN to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.3389. Conversely, the yearly low was recorded on February 9, dropping to 0.2980.

This high-to-low spread represents a total annual volatility of 0.0409 ISK. From a start-to-finish perspective, comparing the January average rate of 0.3117 to the December average rate of 0.3195, the exchange rate registered a net change of 2.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.3389 was down 0.65% compared to the 2021 peak of 0.3411, 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 338,876 ISK

2021 Average 315,121 ISK

Yearly Trough Low 297,997 ISK

Transaction Impact: A difference of 40,879.31 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.3338

0.2975

JanuMarcMayJulySeptNove

NGN to ISK 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 0.3112, compared to 0.3270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0159 points.

H1 Avg (Jan–Jun) 0.3112

H2 Avg (Jul–Dec) 0.3270

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0211 ISK (High: 0.3389 / Low: 0.3177). On the other end, December was the most stable month, with a tight range of 0.0063 ISK (High: 0.3222 / Low: 0.3159).

November Spread (Volatile) ±0.0211

December Spread (Stable) ±0.0063

Growth Streaks & Declines

Trends

Between June and September, 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 January and February, when the average rate fell by 0.0112 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0112

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2022: 0.3263) against the same month in 2021 (average: 0.3180), the exchange rate shifted by +0.0084 (+2.63%).

2022 Avg (November) 0.3263

2021 Avg (November) 0.3180

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3172	0.3071	0.3117
February	0.3066	0.2980	0.3005
March	0.3236	0.3059	0.3132
April	0.3160	0.3074	0.3110
May	0.3239	0.3058	0.3154
June	0.3218	0.3072	0.3151
July	0.3319	0.3199	0.3258
August	0.3357	0.3203	0.3294
September	0.3375	0.3235	0.3308
October	0.3347	0.3267	0.3304
November	0.3389	0.3177	0.3263
December	0.3222	0.3159	0.3195