2022 NGN to NOK Historical Review

YEARLY HIGH

0.0252 NOK

YEARLY LOW

0.0206 NOK

YEARLY AVERAGE

0.0227 NOK

2022 NGN to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 0.0252. Conversely, the yearly low was recorded on March 30, dropping to 0.0206.

This high-to-low spread represents a total annual volatility of 0.0046 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0214 to the December average rate of 0.0222, the exchange rate registered a net change of 3.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0252 was up 10.63% compared to the 2021 peak of 0.0228, 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 25,173 NOK

2021 Average 21,334 NOK

Yearly Trough Low 20,615 NOK

Transaction Impact: A difference of 4,558.49 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0246

0.0209

JanuMarcMayJulySeptNove

NGN to NOK 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 0.0220, compared to 0.0234 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0220

H2 Avg (Jul–Dec) 0.0234

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.0021 NOK (High: 0.0252 / Low: 0.0231). On the other end, February was the most stable month, with a tight range of 0.0007 NOK (High: 0.0217 / Low: 0.0210).

September Spread (Volatile) ±0.0021

February Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between March and July, 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 October and November, when the average rate fell by 0.0014 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 0.0239) against the same month in 2021 (average: 0.0210), the exchange rate shifted by +0.0029 (+13.76%).

2022 Avg (September) 0.0239

2021 Avg (September) 0.0210

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0217	0.0209	0.0214
February	0.0217	0.0210	0.0213
March	0.0218	0.0206	0.0212
April	0.0227	0.0210	0.0214
May	0.0238	0.0222	0.0231
June	0.0241	0.0226	0.0235
July	0.0246	0.0231	0.0238
August	0.0237	0.0227	0.0231
September	0.0252	0.0231	0.0239
October	0.0252	0.0235	0.0243
November	0.0241	0.0221	0.0229
December	0.0226	0.0218	0.0222