2022 NOK to NGN Historical Review

YEARLY HIGH

48.5088 NGN

YEARLY LOW

39.7246 NGN

YEARLY AVERAGE

44.2047 NGN

2022 NOK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NOK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 48.5088. Conversely, the yearly low was recorded on October 1, dropping to 39.7246.

This high-to-low spread represents a total annual volatility of 8.7842 NGN. From a start-to-finish perspective, comparing the January average rate of 46.7463 to the December average rate of 45.1130, the exchange rate registered a net change of -3.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 48.5088 was down 3.45% compared to the 2021 peak of 50.2426, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NOK based on timing:

Yearly Peak High 242,544 NGN

2021 Average 234,605 NGN

Yearly Trough Low 198,623 NGN

Transaction Impact: A difference of 43,920.89 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

47.7132

40.6357

JanuMarcMayJulySeptNove

NOK to NGN 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 45.5722, compared to 42.8372 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.7350 points.

H1 Avg (Jan–Jun) 45.5722

H2 Avg (Jul–Dec) 42.8372

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 3.7182 NGN (High: 45.1658 / Low: 41.4477). On the other end, February was the most stable month, with a tight range of 1.5241 NGN (High: 47.6605 / Low: 46.1363).

November Spread (Volatile) ±3.7182

February Spread (Stable) ±1.5241

Growth Streaks & Declines

Trends

Between January and March, 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 April and May, when the average rate fell by 3.4251 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -3.4251

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2022: 47.1234) against the same month in 2021 (average: 45.5125), the exchange rate shifted by +1.6109 (+3.54%).

2022 Avg (March) 47.1234

2021 Avg (March) 45.5125

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	47.7618	46.1410	46.7463
February	47.6605	46.1363	46.9234
March	48.5088	45.9080	47.1234
April	47.7290	44.1169	46.7043
May	44.9724	41.9826	43.2792
June	44.3095	41.5305	42.6567
July	43.3021	40.5830	41.9506
August	43.9648	42.2401	43.2614
September	43.2667	39.7246	41.7870
October	42.4810	39.7246	41.2255
November	45.1658	41.4477	43.6858
December	45.8550	44.3052	45.1130