2022 NGN to SLL Historical Review

YEARLY HIGH

40.3292 SLL

YEARLY LOW

27.3052 SLL

YEARLY AVERAGE

32.2748 SLL

2022 NGN to SLL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 6, valuing the pair at 40.3292. Conversely, the yearly low was recorded on January 24, dropping to 27.3052.

This high-to-low spread represents a total annual volatility of 13.0240 SLL. From a start-to-finish perspective, comparing the January average rate of 27.4313 to the December average rate of 39.6626, the exchange rate registered a net change of 44.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 40.3292 was up 46.43% compared to the 2021 peak of 27.5422, 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 40,329,237 SLL

2021 Average 25,858,454 SLL

Yearly Trough Low 27,305,193 SLL

Transaction Impact: A difference of 13,024,043.33 SLL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

41.1784

26.1815

JanuMarcMayJulySeptNove

NGN to SLL 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 29.0555, compared to 35.4940 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.4385 points.

H1 Avg (Jan–Jun) 29.0555

H2 Avg (Jul–Dec) 35.4940

Volatility Range Comparison

Volatility

The most volatile month in 2022 was October, with a trading range of 7.7303 SLL (High: 39.4039 / Low: 31.6735). On the other end, January was the most stable month, with a tight range of 0.2679 SLL (High: 27.5731 / Low: 27.3052).

October Spread (Volatile) ±7.7303

January Spread (Stable) ±0.2679

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.2863 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.2863

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2022: 39.9287) against the same month in 2021 (average: 26.6482), the exchange rate shifted by +13.2805 (+49.84%).

2022 Avg (November) 39.9287

2021 Avg (November) 26.6482

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.5731	27.3052	27.4313
February	27.8341	27.3299	27.5270
March	28.2928	27.4320	27.8494
April	31.6137	28.2214	29.2175
May	32.0458	30.2264	30.8628
June	31.7006	30.9927	31.4453
July	33.0606	31.4810	32.3022
August	33.0893	32.2426	32.6657
September	32.9206	31.8928	32.3794
October	39.4039	31.6735	36.0256
November	40.3292	39.3085	39.9287
December	39.8307	39.3570	39.6626