2021 MAD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 MAD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the MAD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 420.0473. Conversely, the yearly low was recorded on December 18, dropping to 381.2209.
This high-to-low spread represents a total annual volatility of 38.8264 UGX. From a start-to-finish perspective, comparing the January average rate of 414.4891 to the December average rate of 384.1116, the exchange rate registered a net change of -7.33% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 420.0473 was up 2.06% compared to the 2020 peak of 411.5522, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
MAD 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 406.1075, compared to 392.0682 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 14.0393 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was October, with a trading range of 11.5223 UGX (High: 401.9184 / Low: 390.3961). On the other end, September was the most stable month, with a tight range of 3.9965 UGX (High: 395.2926 / Low: 391.2961).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 7.0695 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2021: 414.4891) against the same month in 2020 (average: 382.8690), the exchange rate shifted by +31.6201 (+8.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 420.0473 | 409.4571 | 414.4891 |
| February | 412.5193 | 406.6751 | 409.9796 |
| March | 409.7738 | 403.1977 | 406.5810 |
| April | 406.6809 | 399.5862 | 404.9650 |
| May | 404.4315 | 397.6558 | 401.2922 |
| June | 402.4378 | 396.6681 | 399.3380 |
| July | 399.9238 | 394.7344 | 397.1675 |
| August | 399.3900 | 391.9626 | 394.4312 |
| September | 395.2926 | 391.2961 | 393.6055 |
| October | 401.9184 | 390.3961 | 395.0816 |
| November | 391.7394 | 385.1376 | 388.0120 |
| December | 387.8430 | 381.2209 | 384.1116 |