2022 NGN to JMD Historical Review

YEARLY HIGH

0.3780 JMD

YEARLY LOW

0.3386 JMD

YEARLY AVERAGE

0.3625 JMD

2022 NGN to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 16, valuing the pair at 0.3780. Conversely, the yearly low was recorded on December 31, dropping to 0.3386.

This high-to-low spread represents a total annual volatility of 0.0394 JMD. From a start-to-finish perspective, comparing the January average rate of 0.3745 to the December average rate of 0.3441, the exchange rate registered a net change of -8.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.3780 was down 6.24% compared to the 2021 peak of 0.4031, 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 377,968 JMD

2021 Average 373,622 JMD

Yearly Trough Low 338,582 JMD

Transaction Impact: A difference of 39,385.55 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.3789

0.3410

JanuMarcMayJulySeptNove

NGN to JMD 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 0.3718, compared to 0.3532 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0185 points.

H1 Avg (Jan–Jun) 0.3718

H2 Avg (Jul–Dec) 0.3532

Volatility Range Comparison

Volatility

The most volatile month in 2022 was August, with a trading range of 0.0147 JMD (High: 0.3680 / Low: 0.3534). On the other end, May was the most stable month, with a tight range of 0.0035 JMD (High: 0.3738 / Low: 0.3703).

August Spread (Volatile) ±0.0147

May Spread (Stable) ±0.0035

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0070 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0070

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2022: 0.3757) against the same month in 2021 (average: 0.3843), the exchange rate shifted by -0.0086 (-2.23%).

2022 Avg (February) 0.3757

2021 Avg (February) 0.3843

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3773	0.3719	0.3745
February	0.3780	0.3718	0.3757
March	0.3729	0.3663	0.3690
April	0.3766	0.3681	0.3718
May	0.3738	0.3703	0.3725
June	0.3721	0.3612	0.3670
July	0.3698	0.3563	0.3622
August	0.3680	0.3534	0.3607
September	0.3584	0.3456	0.3537
October	0.3556	0.3465	0.3507
November	0.3503	0.3464	0.3480
December	0.3470	0.3386	0.3441