2022 NGN to MVR Historical Review

YEARLY HIGH

0.0382 MVR

YEARLY LOW

0.0343 MVR

YEARLY AVERAGE

0.0364 MVR

2022 NGN to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 12, valuing the pair at 0.0382. Conversely, the yearly low was recorded on December 19, dropping to 0.0343.

This high-to-low spread represents a total annual volatility of 0.0039 MVR. From a start-to-finish perspective, comparing the January average rate of 0.0373 to the December average rate of 0.0345, the exchange rate registered a net change of -7.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0382 was down 6.21% compared to the 2021 peak of 0.0407, 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 38,205 MVR

2021 Average 38,292 MVR

Yearly Trough Low 34,311 MVR

Transaction Impact: A difference of 3,894.26 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0376

0.0342

JanuMarcMayJulySeptNove

NGN to MVR 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 0.0372, compared to 0.0357 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.0372

H2 Avg (Jul–Dec) 0.0357

Volatility Range Comparison

Volatility

The most volatile month in 2022 was June, with a trading range of 0.0016 MVR (High: 0.0382 / Low: 0.0366). On the other end, April was the most stable month, with a tight range of 0.0002 MVR (High: 0.0373 / Low: 0.0370).

June Spread (Volatile) ±0.0016

April Spread (Stable) ±0.0002

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 September and October, when the average rate fell by 0.0006 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2022: 0.0371) against the same month in 2021 (average: 0.0376), the exchange rate shifted by -0.0005 (-1.29%).

2022 Avg (June) 0.0371

2021 Avg (June) 0.0376

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0376	0.0372	0.0373
February	0.0373	0.0369	0.0371
March	0.0372	0.0369	0.0371
April	0.0373	0.0370	0.0372
May	0.0374	0.0371	0.0372
June	0.0382	0.0366	0.0371
July	0.0373	0.0362	0.0368
August	0.0371	0.0360	0.0365
September	0.0366	0.0353	0.0361
October	0.0357	0.0351	0.0354
November	0.0354	0.0345	0.0349
December	0.0347	0.0343	0.0345