2022 GMD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 GMD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the GMD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 71.9558. Conversely, the yearly low was recorded on December 26, dropping to 58.7102.
This high-to-low spread represents a total annual volatility of 13.2455 UGX. From a start-to-finish perspective, comparing the January average rate of 66.8326 to the December average rate of 59.4096, the exchange rate registered a net change of -11.11% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 71.9558 was up 0.14% compared to the 2021 peak of 71.8557, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
GMD 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 67.0666, compared to 66.4375 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6291 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was October, with a trading range of 4.6683 UGX (High: 69.5474 / Low: 64.8791). On the other end, January was the most stable month, with a tight range of 1.0344 UGX (High: 67.2175 / Low: 66.1830).
Growth Streaks & Declines
TrendsBetween April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 6.0245 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2022: 70.5658) against the same month in 2021 (average: 69.1704), the exchange rate shifted by +1.3954 (+2.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 67.2175 | 66.1830 | 66.8326 |
| February | 66.8442 | 65.7792 | 66.1748 |
| March | 67.9160 | 65.7351 | 67.1145 |
| April | 66.4479 | 65.0921 | 65.7457 |
| May | 69.7556 | 65.1254 | 67.2375 |
| June | 70.1633 | 68.7604 | 69.2944 |
| July | 71.9305 | 68.6745 | 70.1618 |
| August | 71.9558 | 68.8373 | 70.5658 |
| September | 70.2677 | 69.0200 | 69.6835 |
| October | 69.5474 | 64.8791 | 67.4144 |
| November | 64.6464 | 60.3846 | 61.3899 |
| December | 60.3076 | 58.7102 | 59.4096 |