2022 KES to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 KES to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the KES to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on August 7, valuing the pair at 32.7456. Conversely, the yearly low was recorded on December 24, dropping to 29.5018.
This high-to-low spread represents a total annual volatility of 3.2438 UGX. From a start-to-finish perspective, comparing the January average rate of 31.1216 to the December average rate of 29.9693, the exchange rate registered a net change of -3.70% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 32.7456 was down 3.67% compared to the 2021 peak of 33.9940, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 KES based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
KES 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 31.2122, compared to 31.3587 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1466 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was May, with a trading range of 1.8993 UGX (High: 32.3258 / Low: 30.4265). On the other end, February was the most stable month, with a tight range of 0.4363 UGX (High: 31.1763 / Low: 30.7400).
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 November and December, when the average rate fell by 0.8265 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2022: 32.0774) against the same month in 2021 (average: 32.3678), the exchange rate shifted by -0.2904 (-0.90%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 31.3416 | 30.8777 | 31.1216 |
| February | 31.1763 | 30.7400 | 30.9210 |
| March | 31.7379 | 31.0063 | 31.3940 |
| April | 31.1303 | 30.4305 | 30.6984 |
| May | 32.3258 | 30.4265 | 31.1927 |
| June | 32.5294 | 31.7257 | 31.9453 |
| July | 32.6428 | 31.4797 | 32.0362 |
| August | 32.7456 | 31.4636 | 32.0774 |
| September | 32.1440 | 31.2322 | 31.7078 |
| October | 31.9083 | 31.1238 | 31.5658 |
| November | 31.1909 | 30.5124 | 30.7958 |
| December | 30.5105 | 29.5018 | 29.9693 |