2020 DKK to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 DKK to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the DKK to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 603.1835. Conversely, the yearly low was recorded on February 19, dropping to 530.3600.
This high-to-low spread represents a total annual volatility of 72.8236 UGX. From a start-to-finish perspective, comparing the January average rate of 546.5681 to the December average rate of 599.5940, the exchange rate registered a net change of 9.70% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 603.1835 was up 4.46% compared to the 2019 peak of 577.4088, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DKK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
DKK 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 551.8709, compared to 586.2138 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 34.3429 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 32.0799 UGX (High: 576.0617 / Low: 543.9818). On the other end, December was the most stable month, with a tight range of 6.0951 UGX (High: 603.1835 / Low: 597.0884).
Growth Streaks & Declines
TrendsBetween April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 9.2978 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 599.5940) against the same month in 2019 (average: 546.4760), the exchange rate shifted by +53.1181 (+9.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 555.9937 | 542.2554 | 546.5681 |
| February | 547.2921 | 530.3600 | 537.2703 |
| March | 576.0617 | 543.9818 | 557.8356 |
| April | 557.4468 | 544.6481 | 550.7552 |
| May | 563.4299 | 549.2043 | 554.6756 |
| June | 572.7073 | 558.1767 | 564.1207 |
| July | 587.7644 | 560.5480 | 569.9291 |
| August | 588.8570 | 578.5078 | 584.1762 |
| September | 590.6957 | 578.6321 | 585.5117 |
| October | 595.9345 | 582.2990 | 587.8206 |
| November | 595.9251 | 583.8827 | 590.2510 |
| December | 603.1835 | 597.0884 | 599.5940 |