2022 SGD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 SGD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the SGD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 334.2419. Conversely, the yearly low was recorded on July 13, dropping to 295.3493.
This high-to-low spread represents a total annual volatility of 38.8925 NGN. From a start-to-finish perspective, comparing the January average rate of 306.3319 to the December average rate of 329.3874, the exchange rate registered a net change of 7.53% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 334.2419 was up 7.09% compared to the 2021 peak of 312.1040, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
SGD 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 304.4380, compared to 310.2897 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.8517 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was November, with a trading range of 18.1127 NGN (High: 326.5561 / Low: 308.4434). On the other end, March was the most stable month, with a tight range of 3.4331 NGN (High: 307.5890 / Low: 304.1558).
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 April and May, when the average rate fell by 3.8619 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 329.3874) against the same month in 2021 (average: 301.6173), the exchange rate shifted by +27.7701 (+9.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 309.0926 | 302.8147 | 306.3319 |
| February | 310.7233 | 304.8109 | 308.8421 |
| March | 307.5890 | 304.1558 | 306.2490 |
| April | 307.5285 | 299.4818 | 304.3400 |
| May | 303.5864 | 297.5569 | 300.4780 |
| June | 302.8762 | 297.8150 | 300.3868 |
| July | 305.6696 | 295.3493 | 300.2957 |
| August | 307.1436 | 300.6433 | 304.0108 |
| September | 307.5897 | 300.2562 | 303.2059 |
| October | 310.8714 | 301.1415 | 305.9760 |
| November | 326.5561 | 308.4434 | 318.8620 |
| December | 334.2419 | 326.6558 | 329.3874 |