2017 CVE to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 CVE to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the CVE to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 39.4268. Conversely, the yearly low was recorded on February 22, dropping to 34.0281.
This high-to-low spread represents a total annual volatility of 5.3986 UGX. From a start-to-finish perspective, comparing the January average rate of 34.7924 to the December average rate of 38.8211, the exchange rate registered a net change of 11.58% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 39.4268 was up 11.42% compared to the 2016 peak of 35.3865, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CVE based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
CVE 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 35.3269, compared to 38.5403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.2134 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was July, with a trading range of 1.9806 UGX (High: 38.7573 / Low: 36.7768). On the other end, October was the most stable month, with a tight range of 0.8774 UGX (High: 39.0714 / Low: 38.1940).
Growth Streaks & Declines
TrendsBetween February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.2764 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 38.6231) against the same month in 2016 (average: 34.2803), the exchange rate shifted by +4.3428 (+12.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 35.1201 | 34.0899 | 34.7924 |
| February | 35.3347 | 34.0281 | 34.5159 |
| March | 35.5817 | 34.0943 | 34.8675 |
| April | 36.1183 | 34.7507 | 35.1528 |
| May | 36.8305 | 35.6627 | 36.2052 |
| June | 37.0959 | 36.1614 | 36.4278 |
| July | 38.7573 | 36.7768 | 37.6186 |
| August | 39.4268 | 38.2152 | 38.6231 |
| September | 39.4103 | 38.3479 | 38.8990 |
| October | 39.0714 | 38.1940 | 38.7056 |
| November | 39.1663 | 38.0682 | 38.5745 |
| December | 39.4266 | 38.2184 | 38.8211 |