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2021 PGK to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the PGK to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 1054.9833. Conversely, the yearly low was recorded on September 6, dropping to 990.7075.
This high-to-low spread represents a total annual volatility of 64.2758 UGX. From a start-to-finish perspective, comparing the January average rate of 1044.8359 to the December average rate of 1007.1871, the exchange rate registered a net change of -3.60% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 1054.9833 was down 7.10% compared to the 2020 peak of 1135.5560, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PGK based on timing:
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PGK 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 1025.6839, compared to 1007.4177 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 18.2662 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was October, with a trading range of 29.5200 UGX (High: 1030.6899 / Low: 1001.1700). On the other end, March was the most stable month, with a tight range of 11.5490 UGX (High: 1040.7597 / Low: 1029.2107).
Growth Streaks & Declines
TrendsBetween August and October, 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 18.0766 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2021: 1044.8359) against the same month in 2020 (average: 1081.0118), the exchange rate shifted by -36.1759 (-3.35%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 1054.9833 | 1028.0621 | 1044.8359 |
| February | 1043.5314 | 1029.2212 | 1036.5513 |
| March | 1040.7597 | 1029.2107 | 1036.8182 |
| April | 1037.0747 | 1013.0019 | 1024.7775 |
| May | 1018.3736 | 996.9605 | 1006.7009 |
| June | 1015.0783 | 996.1727 | 1004.4198 |
| July | 1016.3465 | 999.3202 | 1010.7601 |
| August | 1011.8937 | 992.5714 | 1001.7142 |
| September | 1011.1710 | 990.7075 | 1001.9150 |
| October | 1030.6899 | 1001.1700 | 1014.3885 |
| November | 1017.8698 | 1001.6232 | 1008.5414 |
| December | 1015.4364 | 999.1500 | 1007.1871 |