2022 NGN to LRD Historical Review

YEARLY HIGH

0.3722 LRD

YEARLY LOW

0.3431 LRD

YEARLY AVERAGE

0.3611 LRD

2022 NGN to LRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 27, valuing the pair at 0.3722. Conversely, the yearly low was recorded on December 19, dropping to 0.3431.

This high-to-low spread represents a total annual volatility of 0.0291 LRD. From a start-to-finish perspective, comparing the January average rate of 0.3611 to the December average rate of 0.3462, the exchange rate registered a net change of -4.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.3722 was down 18.67% compared to the 2021 peak of 0.4576, 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 372,207 LRD

2021 Average 412,784 LRD

Yearly Trough Low 343,106 LRD

Transaction Impact: A difference of 29,100.60 LRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.3716

0.3439

JanuMarcMayJulySeptNove

NGN to LRD 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 0.3661, compared to 0.3560 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0101 points.

H1 Avg (Jan–Jun) 0.3661

H2 Avg (Jul–Dec) 0.3560

Volatility Range Comparison

Volatility

The most volatile month in 2022 was January, with a trading range of 0.0147 LRD (High: 0.3669 / Low: 0.3523). On the other end, April was the most stable month, with a tight range of 0.0031 LRD (High: 0.3673 / Low: 0.3642).

January Spread (Volatile) ±0.0147

April Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2022. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0065 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0065

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2022: 0.3693) against the same month in 2021 (average: 0.4428), the exchange rate shifted by -0.0735 (-16.59%).

2022 Avg (February) 0.3693

2021 Avg (February) 0.4428

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3669	0.3523	0.3611
February	0.3722	0.3669	0.3693
March	0.3710	0.3670	0.3691
April	0.3673	0.3642	0.3662
May	0.3700	0.3625	0.3655
June	0.3675	0.3621	0.3656
July	0.3676	0.3586	0.3643
August	0.3695	0.3602	0.3650
September	0.3659	0.3522	0.3592
October	0.3557	0.3494	0.3528
November	0.3529	0.3459	0.3485
December	0.3473	0.3431	0.3462