2017 GNF to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GNF to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GNF to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on August 21, valuing the pair at 0.4089. Conversely, the yearly low was recorded on February 4, dropping to 0.3807.
This high-to-low spread represents a total annual volatility of 0.0282 UGX. From a start-to-finish perspective, comparing the January average rate of 0.3861 to the December average rate of 0.4022, the exchange rate registered a net change of 4.19% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 0.4089 was down 11.63% compared to the 2016 peak of 0.4627, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GNF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
GNF 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 0.3897, compared to 0.4031 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0134 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was January, with a trading range of 0.0154 UGX (High: 0.3963 / Low: 0.3809). On the other end, December was the most stable month, with a tight range of 0.0045 UGX (High: 0.4037 / Low: 0.3992).
Growth Streaks & Declines
TrendsBetween February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0034 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 0.4046) against the same month in 2016 (average: 0.3728), the exchange rate shifted by +0.0318 (+8.52%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.3963 | 0.3809 | 0.3861 |
| February | 0.3894 | 0.3807 | 0.3826 |
| March | 0.3930 | 0.3823 | 0.3868 |
| April | 0.4019 | 0.3878 | 0.3916 |
| May | 0.4008 | 0.3898 | 0.3954 |
| June | 0.4005 | 0.3920 | 0.3958 |
| July | 0.4049 | 0.3956 | 0.4004 |
| August | 0.4089 | 0.3997 | 0.4046 |
| September | 0.4075 | 0.3987 | 0.4028 |
| October | 0.4085 | 0.4021 | 0.4051 |
| November | 0.4070 | 0.4017 | 0.4034 |
| December | 0.4037 | 0.3992 | 0.4022 |