2022 GEL to UGX Historical Review

YEARLY HIGH

1439.1156 UGX

YEARLY LOW

1045.7292 UGX

YEARLY AVERAGE

1270.8222 UGX

2022 GEL to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the GEL to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 1439.1156. Conversely, the yearly low was recorded on March 8, dropping to 1045.7292.

This high-to-low spread represents a total annual volatility of 393.3864 UGX. From a start-to-finish perspective, comparing the January average rate of 1146.4974 to the December average rate of 1378.2217, the exchange rate registered a net change of 20.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 1439.1156 was up 24.02% compared to the 2021 peak of 1160.3652, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GEL based on timing:

Yearly Peak High 7,195,578 UGX

2021 Average 5,580,291 UGX

Yearly Trough Low 5,228,646 UGX

Transaction Impact: A difference of 1,966,931.81 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

1411.8309

1086.5736

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1181.6276, compared to 1360.0168 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 178.3892 points.

H1 Avg (Jan–Jun) 1181.6276

H2 Avg (Jul–Dec) 1360.0168

Volatility Range Comparison

Volatility

The most volatile month in 2022 was May, with a trading range of 140.2812 UGX (High: 1301.7021 / Low: 1161.4208). On the other end, January was the most stable month, with a tight range of 17.7782 UGX (High: 1157.5479 / Low: 1139.7697).

May Spread (Volatile) ±140.2812

January Spread (Stable) ±17.7782

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 58.6713 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -58.6713

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2022: 1384.7262) against the same month in 2021 (average: 1141.0225), the exchange rate shifted by +243.7037 (+21.36%).

2022 Avg (August) 1384.7262

2021 Avg (August) 1141.0225

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1157.5479	1139.7697	1146.4974
February	1206.8520	1109.6742	1172.3497
March	1157.4746	1045.7292	1113.6784
April	1170.0684	1144.1386	1159.1199
May	1301.7021	1161.4208	1223.0698
June	1291.1801	1260.3953	1275.0505
July	1402.7089	1263.3224	1297.6054
August	1439.1156	1313.6258	1384.7262
September	1372.1414	1273.9578	1343.9710
October	1394.0314	1363.8683	1375.6774
November	1396.2029	1367.7795	1379.8993
December	1392.3651	1347.7264	1378.2217