2020 HKD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 HKD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the HKD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 24, valuing the pair at 505.6450. Conversely, the yearly low was recorded on December 29, dropping to 470.0041.
This high-to-low spread represents a total annual volatility of 35.6409 UGX. From a start-to-finish perspective, comparing the January average rate of 473.2149 to the December average rate of 472.7934, the exchange rate registered a net change of -0.09% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 505.6450 was up 4.98% compared to the 2019 peak of 481.6749, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 HKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
HKD 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 481.6594, compared to 476.7229 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.9366 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 29.8228 UGX (High: 505.6450 / Low: 475.8223). On the other end, May was the most stable month, with a tight range of 3.5496 UGX (High: 490.5223 / Low: 486.9727).
Growth Streaks & Declines
TrendsBetween February and May, 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 May and June, when the average rate fell by 6.6479 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2020: 485.0523) against the same month in 2019 (average: 472.0267), the exchange rate shifted by +13.0256 (+2.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 477.5644 | 470.7050 | 473.2149 |
| February | 475.9433 | 471.3040 | 472.9084 |
| March | 505.6450 | 475.8223 | 485.0523 |
| April | 491.0785 | 484.0282 | 487.8594 |
| May | 490.5223 | 486.9727 | 488.7847 |
| June | 487.6192 | 480.0467 | 482.1368 |
| July | 480.9462 | 475.5287 | 477.8007 |
| August | 476.8330 | 472.1620 | 474.4097 |
| September | 479.7177 | 474.4817 | 476.9918 |
| October | 482.8438 | 476.3081 | 479.7198 |
| November | 482.3829 | 475.9052 | 478.6218 |
| December | 477.3955 | 470.0041 | 472.7934 |