2022 WST to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 WST to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the WST to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 166.3882. Conversely, the yearly low was recorded on July 17, dropping to 152.2267.
This high-to-low spread represents a total annual volatility of 14.1615 NGN. From a start-to-finish perspective, comparing the January average rate of 159.0629 to the December average rate of 164.9245, the exchange rate registered a net change of 3.69% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 166.3882 was up 1.26% compared to the 2021 peak of 164.3245, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 WST based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
WST 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 159.0321, compared to 157.7556 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2765 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was December, with a trading range of 7.5289 NGN (High: 166.3882 / Low: 158.8592). On the other end, March was the most stable month, with a tight range of 1.7846 NGN (High: 160.1674 / Low: 158.3828).
Growth Streaks & Declines
TrendsBetween February and April, 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 2.9036 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 164.9245) against the same month in 2021 (average: 158.5047), the exchange rate shifted by +6.4198 (+4.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 159.9785 | 157.8419 | 159.0629 |
| February | 159.9559 | 157.9487 | 158.8671 |
| March | 160.1674 | 158.3828 | 159.1576 |
| April | 161.7860 | 159.6463 | 160.6702 |
| May | 161.0722 | 157.5129 | 158.8269 |
| June | 159.5695 | 155.0386 | 157.6075 |
| July | 155.9719 | 152.2267 | 154.7039 |
| August | 160.0435 | 153.5965 | 156.5454 |
| September | 159.4265 | 156.4481 | 157.5348 |
| October | 157.5559 | 152.9531 | 155.2855 |
| November | 158.9283 | 154.3791 | 157.5392 |
| December | 166.3882 | 158.8592 | 164.9245 |