2022 PEN to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 PEN to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the PEN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 117.7918. Conversely, the yearly low was recorded on January 2, dropping to 103.0964.
This high-to-low spread represents a total annual volatility of 14.6954 NGN. From a start-to-finish perspective, comparing the January average rate of 106.2927 to the December average rate of 116.4202, the exchange rate registered a net change of 9.53% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 117.7918 was up 3.59% compared to the 2021 peak of 113.7081, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
PEN to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 110.0410, compared to 111.0605 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0195 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was April, with a trading range of 6.1075 NGN (High: 114.3186 / Low: 108.2111). On the other end, October was the most stable month, with a tight range of 2.1759 NGN (High: 110.7656 / Low: 108.5897).
Growth Streaks & Declines
TrendsBetween 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 June and July, when the average rate fell by 3.5517 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 116.4202) against the same month in 2021 (average: 101.6998), the exchange rate shifted by +14.7204 (+14.47%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 108.2572 | 103.0964 | 106.2927 |
| February | 111.6632 | 107.4223 | 109.7702 |
| March | 112.3133 | 109.7642 | 111.2698 |
| April | 114.3186 | 108.2111 | 111.2407 |
| May | 113.4801 | 108.0719 | 110.6257 |
| June | 112.7144 | 109.5318 | 111.0469 |
| July | 109.1695 | 104.6616 | 107.4952 |
| August | 111.2607 | 105.8190 | 108.6940 |
| September | 112.1134 | 108.5948 | 110.1892 |
| October | 110.7656 | 108.5897 | 109.5796 |
| November | 116.2281 | 110.4973 | 113.9848 |
| December | 117.7918 | 114.7853 | 116.4202 |