2019 GEL to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 GEL to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the GEL to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 1401.6376. Conversely, the yearly low was recorded on October 1, dropping to 1230.1318.
This high-to-low spread represents a total annual volatility of 171.5058 UGX. From a start-to-finish perspective, comparing the January average rate of 1391.0124 to the December average rate of 1270.9393, the exchange rate registered a net change of -8.63% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 1401.6376 was down 11.96% compared to the 2018 peak of 1592.0626, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
GEL 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 1376.9840, compared to 1259.4768 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 117.5072 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was June, with a trading range of 84.6079 UGX (High: 1379.2470 / Low: 1294.6391). On the other end, April was the most stable month, with a tight range of 14.1780 UGX (High: 1394.5079 / Low: 1380.3299).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 57.5181 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2019: 1391.0124) against the same month in 2018 (average: 1423.2031), the exchange rate shifted by -32.1907 (-2.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1401.6376 | 1373.0803 | 1391.0124 |
| February | 1392.4126 | 1370.4177 | 1384.8265 |
| March | 1392.6855 | 1376.1247 | 1381.5971 |
| April | 1394.5079 | 1380.3299 | 1387.3251 |
| May | 1393.6229 | 1340.2024 | 1369.3920 |
| June | 1379.2470 | 1294.6391 | 1347.7510 |
| July | 1323.7755 | 1245.9334 | 1290.2328 |
| August | 1270.9368 | 1238.3197 | 1260.3924 |
| September | 1255.0552 | 1231.1822 | 1241.6350 |
| October | 1266.1515 | 1230.1318 | 1248.0271 |
| November | 1256.5040 | 1233.2963 | 1245.6340 |
| December | 1286.1826 | 1244.4095 | 1270.9393 |