2022 NGN to SCR Historical Review

YEARLY HIGH

0.0364 SCR

YEARLY LOW

0.0290 SCR

YEARLY AVERAGE

0.0320 SCR

2022 NGN to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0364. Conversely, the yearly low was recorded on December 28, dropping to 0.0290.

This high-to-low spread represents a total annual volatility of 0.0074 SCR. From a start-to-finish perspective, comparing the January average rate of 0.0333 to the December average rate of 0.0300, the exchange rate registered a net change of -9.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0364 was down 35.11% compared to the 2021 peak of 0.0560, 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 36,356 SCR

2021 Average 40,223 SCR

Yearly Trough Low 28,957 SCR

Transaction Impact: A difference of 7,398.55 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0351

0.0296

JanuMarcMayJulySeptNove

NGN to SCR 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 0.0332, compared to 0.0309 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.0332

H2 Avg (Jul–Dec) 0.0309

Volatility Range Comparison

Volatility

The most volatile month in 2022 was January, with a trading range of 0.0050 SCR (High: 0.0364 / Low: 0.0314). On the other end, March was the most stable month, with a tight range of 0.0003 SCR (High: 0.0347 / Low: 0.0344).

January Spread (Volatile) ±0.0050

March Spread (Stable) ±0.0003

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 April and May, when the average rate fell by 0.0025 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 0.0333) against the same month in 2021 (average: 0.0547), the exchange rate shifted by -0.0215 (-39.19%).

2022 Avg (January) 0.0333

2021 Avg (January) 0.0547

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0364	0.0314	0.0333
February	0.0349	0.0312	0.0329
March	0.0347	0.0344	0.0346
April	0.0349	0.0313	0.0342
May	0.0342	0.0307	0.0317
June	0.0345	0.0305	0.0322
July	0.0340	0.0304	0.0317
August	0.0327	0.0303	0.0315
September	0.0339	0.0297	0.0313
October	0.0318	0.0298	0.0307
November	0.0312	0.0291	0.0303
December	0.0318	0.0290	0.0300