2022 RON to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 RON to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the RON to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 97.0046. Conversely, the yearly low was recorded on September 27, dropping to 84.0785.
This high-to-low spread represents a total annual volatility of 12.9261 NGN. From a start-to-finish perspective, comparing the January average rate of 94.7312 to the December average rate of 95.8574, the exchange rate registered a net change of 1.19% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 97.0046 was down 5.45% compared to the 2021 peak of 102.5992, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RON based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
RON 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 91.8987, compared to 89.1352 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.7634 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was November, with a trading range of 6.6272 NGN (High: 93.8772 / Low: 87.2500). On the other end, January was the most stable month, with a tight range of 2.1872 NGN (High: 95.7942 / Low: 93.6070).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 2.8827 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 95.8574) against the same month in 2021 (average: 93.9289), the exchange rate shifted by +1.9284 (+2.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 95.7942 | 93.6070 | 94.7312 |
| February | 96.3203 | 94.0937 | 95.4583 |
| March | 93.8021 | 91.1749 | 92.5756 |
| April | 93.1684 | 88.1278 | 90.9453 |
| May | 90.4166 | 87.1735 | 88.7864 |
| June | 90.2825 | 87.4610 | 88.8952 |
| July | 88.1780 | 84.3584 | 86.4531 |
| August | 88.9377 | 85.7037 | 87.1394 |
| September | 88.3947 | 84.0785 | 86.5065 |
| October | 90.0860 | 85.1393 | 86.9538 |
| November | 93.8772 | 87.2500 | 91.9012 |
| December | 97.0046 | 94.5820 | 95.8574 |