YEARLY HIGH
639.5740 UGX
YEARLY LOW
573.3961 UGX
YEARLY AVERAGE
606.0983 UGX

2021 GHS to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GHS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 639.5740. Conversely, the yearly low was recorded on December 23, dropping to 573.3961.

This high-to-low spread represents a total annual volatility of 66.1779 UGX. From a start-to-finish perspective, comparing the January average rate of 630.6175 to the December average rate of 578.7452, the exchange rate registered a net change of -8.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 639.5740 was down 7.41% compared to the 2020 peak of 690.7345, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GHS based on timing:

Yearly Peak High 3,197,870 UGX
2020 Average 3,242,454 UGX
Yearly Trough Low 2,866,980 UGX
Transaction Impact: A difference of 330,889.59 UGX purely based on transaction execution date.

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643.4541
572.8626
JanuMarcMayJulySeptNove

GHS to UGX 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 625.5586, compared to 586.6381 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 38.9205 points.

H1 Avg (Jan–Jun) 625.5586
H2 Avg (Jul–Dec) 586.6381

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 17.3343 UGX (High: 635.4668 / Low: 618.1325). On the other end, March was the most stable month, with a tight range of 6.4111 UGX (High: 639.5740 / Low: 633.1629).

April Spread (Volatile) Âą17.3343
March Spread (Stable) Âą6.4111

Growth Streaks & Declines

Trends

Between January and March, 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 April and May, when the average rate fell by 12.2492 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -12.2492

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 637.5715) against the same month in 2020 (average: 674.8995), the exchange rate shifted by -37.3280 (-5.53%).

2021 Avg (March) 637.5715
2020 Avg (March) 674.8995

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Month High Low Average
January 635.5035 619.6353 630.6175
February 637.9503 629.7389 632.8182
March 639.5740 633.1629 637.5715
April 635.4668 618.1325 627.6953
May 621.4104 612.4373 615.4461
June 613.2068 604.4138 609.2027
July 607.8688 593.4547 598.4257
August 594.1410 584.2985 587.8048
September 592.2854 580.8580 585.0830
October 597.8653 582.4540 589.2922
November 585.0758 575.3411 580.4777
December 583.9748 573.3961 578.7452