2022 MMK to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 MMK to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the MMK to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on August 3, valuing the pair at 2.0959. Conversely, the yearly low was recorded on December 25, dropping to 1.7331.
This high-to-low spread represents a total annual volatility of 0.3628 UGX. From a start-to-finish perspective, comparing the January average rate of 1.9852 to the December average rate of 1.7554, the exchange rate registered a net change of -11.58% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 2.0959 was down 25.27% compared to the 2021 peak of 2.8046, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MMK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
MMK 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 1.9827, compared to 1.8575 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1252 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was August, with a trading range of 0.3064 UGX (High: 2.0959 / Low: 1.7895). On the other end, January was the most stable month, with a tight range of 0.0213 UGX (High: 1.9939 / Low: 1.9725).
Growth Streaks & Declines
TrendsBetween April and July, 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 July and August, when the average rate fell by 0.1374 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2022: 1.9110) against the same month in 2021 (average: 2.1494), the exchange rate shifted by -0.2385 (-11.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.9939 | 1.9725 | 1.9852 |
| February | 1.9952 | 1.9657 | 1.9775 |
| March | 2.0372 | 1.9852 | 2.0200 |
| April | 2.0106 | 1.9011 | 1.9312 |
| May | 2.0403 | 1.9125 | 1.9591 |
| June | 2.0524 | 1.9930 | 2.0232 |
| July | 2.0954 | 2.0067 | 2.0484 |
| August | 2.0959 | 1.7895 | 1.9110 |
| September | 1.8458 | 1.8008 | 1.8199 |
| October | 1.8339 | 1.8094 | 1.8204 |
| November | 1.8074 | 1.7785 | 1.7897 |
| December | 1.7810 | 1.7331 | 1.7554 |