2022 NGN to MAD Historical Review

YEARLY HIGH

0.0258 MAD

YEARLY LOW

0.0222 MAD

YEARLY AVERAGE

0.0240 MAD

2022 NGN to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 28, valuing the pair at 0.0258. Conversely, the yearly low was recorded on January 17, dropping to 0.0222.

This high-to-low spread represents a total annual volatility of 0.0035 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0225 to the December average rate of 0.0236, the exchange rate registered a net change of 5.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0258 was up 8.18% compared to the 2021 peak of 0.0238, 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 25,751 MAD

2021 Average 22,306 MAD

Yearly Trough Low 22,236 MAD

Transaction Impact: A difference of 3,514.25 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0254

0.0222

JanuMarcMayJulySeptNove

NGN to MAD 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 0.0234, compared to 0.0246 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0234

H2 Avg (Jul–Dec) 0.0246

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.0012 MAD (High: 0.0258 / Low: 0.0245). On the other end, January was the most stable month, with a tight range of 0.0005 MAD (High: 0.0227 / Low: 0.0222).

September Spread (Volatile) ±0.0012

January Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0008 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 0.0251) against the same month in 2021 (average: 0.0218), the exchange rate shifted by +0.0033 (+15.08%).

2022 Avg (September) 0.0251

2021 Avg (September) 0.0218

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0227	0.0222	0.0225
February	0.0229	0.0223	0.0226
March	0.0240	0.0230	0.0234
April	0.0241	0.0233	0.0236
May	0.0244	0.0238	0.0241
June	0.0245	0.0237	0.0240
July	0.0251	0.0240	0.0244
August	0.0251	0.0244	0.0247
September	0.0258	0.0245	0.0251
October	0.0255	0.0248	0.0252
November	0.0252	0.0240	0.0244
December	0.0239	0.0233	0.0236