2022 NGN to MXN Historical Review

YEARLY HIGH

0.0514 MXN

YEARLY LOW

0.0431 MXN

YEARLY AVERAGE

0.0475 MXN

2022 NGN to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.0514. Conversely, the yearly low was recorded on December 1, dropping to 0.0431.

This high-to-low spread represents a total annual volatility of 0.0083 MXN. From a start-to-finish perspective, comparing the January average rate of 0.0495 to the December average rate of 0.0440, the exchange rate registered a net change of -11.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0514 was down 8.99% compared to the 2021 peak of 0.0565, 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 51,422 MXN

2021 Average 50,334 MXN

Yearly Trough Low 43,132 MXN

Transaction Impact: A difference of 8,289.51 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0501

0.0434

JanuMarcMayJulySeptNove

NGN to MXN 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 0.0488, compared to 0.0463 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.0488

H2 Avg (Jul–Dec) 0.0463

Volatility Range Comparison

Volatility

The most volatile month in 2022 was March, with a trading range of 0.0036 MXN (High: 0.0514 / Low: 0.0478). On the other end, February was the most stable month, with a tight range of 0.0010 MXN (High: 0.0497 / Low: 0.0487).

March Spread (Volatile) ±0.0036

February Spread (Stable) ±0.0010

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 October and November, when the average rate fell by 0.0018 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2022: 0.0494) against the same month in 2021 (average: 0.0536), the exchange rate shifted by -0.0042 (-7.80%).

2022 Avg (March) 0.0494

2021 Avg (March) 0.0536

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0502	0.0489	0.0495
February	0.0497	0.0487	0.0492
March	0.0514	0.0478	0.0494
April	0.0493	0.0475	0.0483
May	0.0493	0.0471	0.0482
June	0.0493	0.0470	0.0480
July	0.0501	0.0481	0.0490
August	0.0493	0.0468	0.0478
September	0.0479	0.0460	0.0468
October	0.0466	0.0450	0.0459
November	0.0449	0.0433	0.0441
December	0.0447	0.0431	0.0440