2022 NGN to TOP Historical Review

YEARLY HIGH

0.0057 TOP

YEARLY LOW

0.0052 TOP

YEARLY AVERAGE

0.0055 TOP

2022 NGN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.0057. Conversely, the yearly low was recorded on December 31, dropping to 0.0052.

This high-to-low spread represents a total annual volatility of 0.0005 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0055 to the December average rate of 0.0053, the exchange rate registered a net change of -4.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0057 was down 6.06% compared to the 2021 peak of 0.0061, 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 5,694 TOP

2021 Average 5,623 TOP

Yearly Trough Low 5,225 TOP

Transaction Impact: A difference of 468.46 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0056

0.0052

JanuMarcMayJulySeptNove

NGN to TOP 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 0.0055, compared to 0.0055 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0055

H2 Avg (Jul–Dec) 0.0055

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0003 TOP (High: 0.0056 / Low: 0.0053). On the other end, December was the most stable month, with a tight range of 0.0001 TOP (High: 0.0053 / Low: 0.0052).

November Spread (Volatile) ±0.0003

December Spread (Stable) ±0.0001

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 October and November, when the average rate fell by 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2022: 0.0056) against the same month in 2021 (average: 0.0055), the exchange rate shifted by +0.0001 (+2.25%).

2022 Avg (July) 0.0056

2021 Avg (July) 0.0055

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0056	0.0055	0.0055
February	0.0055	0.0054	0.0054
March	0.0055	0.0054	0.0054
April	0.0056	0.0054	0.0055
May	0.0057	0.0055	0.0056
June	0.0057	0.0055	0.0056
July	0.0057	0.0055	0.0056
August	0.0056	0.0055	0.0056
September	0.0056	0.0055	0.0056
October	0.0056	0.0055	0.0056
November	0.0056	0.0053	0.0054
December	0.0053	0.0052	0.0053