2022 MAD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 MAD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the MAD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on June 1, valuing the pair at 385.1065. Conversely, the yearly low was recorded on November 3, dropping to 343.3026.
This high-to-low spread represents a total annual volatility of 41.8038 UGX. From a start-to-finish perspective, comparing the January average rate of 379.8782 to the December average rate of 350.6092, the exchange rate registered a net change of -7.70% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 385.1065 was down 8.32% compared to the 2021 peak of 420.0473, 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 2022.
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 370.4152, compared to 357.0635 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 13.3517 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was May, with a trading range of 28.5262 UGX (High: 382.2677 / Low: 353.7415). On the other end, October was the most stable month, with a tight range of 6.2340 UGX (High: 351.7692 / Low: 345.5352).
Growth Streaks & Declines
TrendsBetween April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 12.8196 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2022: 375.1865) against the same month in 2021 (average: 399.3380), the exchange rate shifted by -24.1515 (-6.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 383.7296 | 371.6002 | 379.8782 |
| February | 379.2581 | 370.2808 | 374.4666 |
| March | 372.8642 | 360.9815 | 369.0664 |
| April | 368.2806 | 354.8944 | 361.1261 |
| May | 382.2677 | 353.7415 | 362.7674 |
| June | 385.1065 | 369.4817 | 375.1865 |
| July | 377.0327 | 360.5258 | 370.5998 |
| August | 377.9170 | 359.0976 | 368.4713 |
| September | 360.6905 | 349.6308 | 355.6517 |
| October | 351.7692 | 345.5352 | 348.7815 |
| November | 351.2984 | 343.3026 | 348.2677 |
| December | 356.9137 | 346.1855 | 350.6092 |