2021 GNF to UGX Historical Review

YEARLY HIGH

0.3823 UGX

YEARLY LOW

0.3556 UGX

YEARLY AVERAGE

0.3645 UGX

2021 GNF to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GNF to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.3823. Conversely, the yearly low was recorded on February 16, dropping to 0.3556.

This high-to-low spread represents a total annual volatility of 0.0267 UGX. From a start-to-finish perspective, comparing the January average rate of 0.3617 to the December average rate of 0.3777, the exchange rate registered a net change of 4.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.3823 was down 7.24% compared to the 2020 peak of 0.4121, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,911 UGX

2020 Average 1,932 UGX

Yearly Trough Low 1,778 UGX

Transaction Impact: A difference of 133.48 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.3794

0.3584

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.3617, compared to 0.3673 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0056 points.

H1 Avg (Jan–Jun) 0.3617

H2 Avg (Jul–Dec) 0.3673

Volatility Range Comparison

Volatility

The most volatile month in 2021 was October, with a trading range of 0.0126 UGX (High: 0.3749 / Low: 0.3622). On the other end, July was the most stable month, with a tight range of 0.0036 UGX (High: 0.3636 / Low: 0.3600).

October Spread (Volatile) ±0.0126

July Spread (Stable) ±0.0036

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0036 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.3777) against the same month in 2020 (average: 0.3686), the exchange rate shifted by +0.0091 (+2.46%).

2021 Avg (December) 0.3777

2020 Avg (December) 0.3686

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3658	0.3583	0.3617
February	0.3643	0.3556	0.3605
March	0.3655	0.3615	0.3637
April	0.3667	0.3600	0.3638
May	0.3630	0.3581	0.3602
June	0.3622	0.3585	0.3606
July	0.3636	0.3600	0.3621
August	0.3642	0.3603	0.3618
September	0.3646	0.3596	0.3610
October	0.3749	0.3622	0.3685
November	0.3791	0.3685	0.3731
December	0.3823	0.3724	0.3777