2022 GHS to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 GHS to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the GHS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 576.5402. Conversely, the yearly low was recorded on November 28, dropping to 255.5718.
This high-to-low spread represents a total annual volatility of 320.9684 UGX. From a start-to-finish perspective, comparing the January average rate of 567.7551 to the December average rate of 347.4769, the exchange rate registered a net change of -38.80% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 576.5402 was down 9.86% compared to the 2021 peak of 639.5740, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
GHS 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 503.8755, compared to 365.1988 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 138.6767 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was December, with a trading range of 186.0571 UGX (High: 447.3979 / Low: 261.3408). On the other end, July was the most stable month, with a tight range of 13.1142 UGX (High: 469.9185 / Low: 456.8043).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2022. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 63.7961 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2022: 567.7551) against the same month in 2021 (average: 630.6175), the exchange rate shifted by -62.8624 (-9.97%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 576.5402 | 556.9815 | 567.7551 |
| February | 554.2148 | 517.3040 | 540.2644 |
| March | 518.1116 | 474.5192 | 497.5043 |
| April | 476.0337 | 462.3738 | 470.3305 |
| May | 483.3560 | 467.7598 | 474.5600 |
| June | 486.2094 | 465.0659 | 472.8385 |
| July | 469.9185 | 456.8043 | 465.1753 |
| August | 456.3893 | 377.3680 | 412.7251 |
| September | 382.9310 | 368.7012 | 377.9007 |
| October | 371.4554 | 271.0040 | 325.8554 |
| November | 276.3310 | 255.5718 | 262.0593 |
| December | 447.3979 | 261.3408 | 347.4769 |