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2019 AFN to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the AFN to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 1, valuing the pair at 49.6589. Conversely, the yearly low was recorded on June 29, dropping to 45.3166.
This high-to-low spread represents a total annual volatility of 4.3423 UGX. From a start-to-finish perspective, comparing the January average rate of 49.0701 to the December average rate of 46.7793, the exchange rate registered a net change of -4.67% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 49.6589 was down 14.39% compared to the 2018 peak of 58.0035, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AFN based on timing:
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AFN to UGX 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: JanâJun) was 48.3143, compared to 46.8654 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 1.4489 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was June, with a trading range of 2.1954 UGX (High: 47.5120 / Low: 45.3166). On the other end, December was the most stable month, with a tight range of 0.5381 UGX (High: 47.1393 / Low: 46.6012).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 1.1448 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2019: 49.1443) against the same month in 2018 (average: 52.6293), the exchange rate shifted by -3.4850 (-6.62%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 49.4674 | 48.4430 | 49.0701 |
| February | 49.5401 | 48.6405 | 49.0388 |
| March | 49.6589 | 48.6989 | 49.1443 |
| April | 48.8947 | 47.9921 | 48.3849 |
| May | 48.6423 | 46.5955 | 47.6962 |
| June | 47.5120 | 45.3166 | 46.5514 |
| July | 46.5659 | 45.5473 | 46.0204 |
| August | 47.3357 | 46.1457 | 46.9932 |
| September | 47.3368 | 46.6790 | 46.9555 |
| October | 47.6526 | 46.9764 | 47.2526 |
| November | 47.4921 | 46.9388 | 47.1915 |
| December | 47.1393 | 46.6012 | 46.7793 |