2020 GTQ to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 GTQ to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the GTQ to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 24, valuing the pair at 506.4519. Conversely, the yearly low was recorded on December 24, dropping to 467.4565.
This high-to-low spread represents a total annual volatility of 38.9954 UGX. From a start-to-finish perspective, comparing the January average rate of 477.8414 to the December average rate of 469.5872, the exchange rate registered a net change of -1.73% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 506.4519 was up 2.60% compared to the 2019 peak of 493.6373, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GTQ based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
GTQ 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 486.2094, compared to 476.4628 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.7466 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 24.6829 UGX (High: 506.4519 / Low: 481.7691). On the other end, May was the most stable month, with a tight range of 2.5264 UGX (High: 493.6029 / Low: 491.0766).
Growth Streaks & Declines
TrendsBetween January and May, 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 May and June, when the average rate fell by 6.7239 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2020: 489.7798) against the same month in 2019 (average: 481.6631), the exchange rate shifted by +8.1167 (+1.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 481.2008 | 475.6626 | 477.8414 |
| February | 486.3241 | 479.0685 | 481.0765 |
| March | 506.4519 | 481.7691 | 489.7798 |
| April | 493.6856 | 487.1741 | 490.5587 |
| May | 493.6029 | 491.0766 | 492.3619 |
| June | 491.5470 | 483.3258 | 485.6380 |
| July | 483.8699 | 478.4807 | 481.1367 |
| August | 478.5757 | 476.0372 | 477.3284 |
| September | 478.1803 | 475.1966 | 476.6162 |
| October | 480.9922 | 474.5405 | 477.8105 |
| November | 480.7250 | 473.4451 | 476.2979 |
| December | 473.4462 | 467.4565 | 469.5872 |