2022 JMD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 JMD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the JMD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 25.5476. Conversely, the yearly low was recorded on February 3, dropping to 22.3141.
This high-to-low spread represents a total annual volatility of 3.2335 UGX. From a start-to-finish perspective, comparing the January average rate of 22.7746 to the December average rate of 24.0593, the exchange rate registered a net change of 5.64% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 25.5476 was down 1.93% compared to the 2021 peak of 26.0505, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
JMD 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 23.2689, compared to 24.8310 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5621 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was May, with a trading range of 1.6405 UGX (High: 24.5683 / Low: 22.9278). On the other end, November was the most stable month, with a tight range of 0.4788 UGX (High: 24.7165 / Low: 24.2377).
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 0.5829 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2022: 25.2654) against the same month in 2021 (average: 22.9897), the exchange rate shifted by +2.2757 (+9.90%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.0697 | 22.4340 | 22.7746 |
| February | 22.8917 | 22.3141 | 22.4859 |
| March | 23.5902 | 22.7744 | 23.3977 |
| April | 23.3204 | 22.7445 | 22.9440 |
| May | 24.5683 | 22.9278 | 23.4572 |
| June | 24.9630 | 24.0590 | 24.5540 |
| July | 25.3374 | 24.6777 | 25.0034 |
| August | 25.5476 | 24.7572 | 25.2654 |
| September | 25.5444 | 24.6940 | 25.2141 |
| October | 25.3237 | 24.7807 | 25.0132 |
| November | 24.7165 | 24.2377 | 24.4303 |
| December | 24.5216 | 23.7896 | 24.0593 |