2022 TRY to NGN Historical Review

YEARLY HIGH

31.5256 NGN

YEARLY LOW

23.1031 NGN

YEARLY AVERAGE

25.8975 NGN

2022 TRY to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the TRY to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 31.5256. Conversely, the yearly low was recorded on September 10, dropping to 23.1031.

This high-to-low spread represents a total annual volatility of 8.4225 NGN. From a start-to-finish perspective, comparing the January average rate of 30.5838 to the December average rate of 23.8776, the exchange rate registered a net change of -21.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 31.5256 was down 46.77% compared to the 2021 peak of 59.2254, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 1,576,281 NGN

2021 Average 2,329,447 NGN

Yearly Trough Low 1,155,156 NGN

Transaction Impact: A difference of 421,124.98 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

31.3073

22.6259

JanuMarcMayJulySeptNove

TRY 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 28.1595, compared to 23.6355 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.5240 points.

H1 Avg (Jan–Jun) 28.1595

H2 Avg (Jul–Dec) 23.6355

Volatility Range Comparison

Volatility

The most volatile month in 2022 was May, with a trading range of 2.8666 NGN (High: 28.1835 / Low: 25.3169). On the other end, December was the most stable month, with a tight range of 0.2714 NGN (High: 24.0666 / Low: 23.7952).

May Spread (Volatile) ±2.8666

December Spread (Stable) ±0.2714

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 2.0996 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -2.0996

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 30.5838) against the same month in 2021 (average: 52.4079), the exchange rate shifted by -21.8240 (-41.64%).

2022 Avg (January) 30.5838

2021 Avg (January) 52.4079

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.5256	29.7809	30.5838
February	31.0495	29.4394	30.5000
March	29.9412	28.0145	28.4777
April	28.4792	27.9604	28.2519
May	28.1835	25.3169	26.6218
June	25.3273	23.9257	24.5221
July	24.8745	23.1965	24.0055
August	23.6117	23.1077	23.3493
September	23.7431	23.1031	23.3988
October	23.6504	23.2789	23.4433
November	23.9064	23.4225	23.7384
December	24.0666	23.7952	23.8776