2020 BND to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 BND to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the BND to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 2770.0190. Conversely, the yearly low was recorded on February 24, dropping to 2619.8821.
This high-to-low spread represents a total annual volatility of 150.1370 UGX. From a start-to-finish perspective, comparing the January average rate of 2723.0628 to the December average rate of 2750.7918, the exchange rate registered a net change of 1.02% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 2770.0190 was down 1.06% compared to the 2019 peak of 2799.5946, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BND based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
BND 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: Jan–Jun) was 2673.6667, compared to 2716.4772 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 42.8106 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 82.8812 UGX (High: 2702.9174 / Low: 2620.0361). On the other end, August was the most stable month, with a tight range of 28.1436 UGX (High: 2702.3898 / Low: 2674.2462).
Growth Streaks & Declines
TrendsBetween July and November, 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 January and February, when the average rate fell by 76.1272 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2020: 2753.5733) against the same month in 2019 (average: 2715.2970), the exchange rate shifted by +38.2763 (+1.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2750.0778 | 2692.6685 | 2723.0628 |
| February | 2692.6685 | 2619.8821 | 2646.9357 |
| March | 2702.9174 | 2620.0361 | 2660.1672 |
| April | 2695.8957 | 2626.5515 | 2655.1867 |
| May | 2695.9948 | 2657.4753 | 2674.6041 |
| June | 2703.4417 | 2667.7586 | 2682.0434 |
| July | 2688.8391 | 2650.4817 | 2667.3265 |
| August | 2702.3898 | 2674.2462 | 2684.7634 |
| September | 2726.3850 | 2687.6778 | 2707.2492 |
| October | 2760.9986 | 2714.0941 | 2735.1592 |
| November | 2770.0190 | 2735.0325 | 2753.5733 |
| December | 2766.6293 | 2728.0404 | 2750.7918 |