YEARLY HIGH
0.9877 UGX
YEARLY LOW
0.8851 UGX
YEARLY AVERAGE
0.9316 UGX

2021 MGA to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MGA to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 8, valuing the pair at 0.9877. Conversely, the yearly low was recorded on November 15, dropping to 0.8851.

This high-to-low spread represents a total annual volatility of 0.1025 UGX. From a start-to-finish perspective, comparing the January average rate of 0.9695 to the December average rate of 0.8961, the exchange rate registered a net change of -7.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.9877 was down 5.40% compared to the 2020 peak of 1.0441, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MGA based on timing:

Yearly Peak High 4,938 UGX
2020 Average 4,880 UGX
Yearly Trough Low 4,426 UGX
Transaction Impact: A difference of 512.62 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.9828
0.8852
JanuMarcMayJulySeptNove

MGA to UGX Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: JanтАУJun) was 0.9588, compared to 0.9044 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0544 points.

H1 Avg (JanтАУJun) 0.9588
H2 Avg (JulтАУDec) 0.9044

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.0561 UGX (High: 0.9859 / Low: 0.9298). On the other end, May was the most stable month, with a tight range of 0.0117 UGX (High: 0.9523 / Low: 0.9405).

January Spread (Volatile) ┬▒0.0561
May Spread (Stable) ┬▒0.0117

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0157 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0157

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.9747) against the same month in 2020 (average: 0.9927), the exchange rate shifted by -0.0180 (-1.82%).

2021 Avg (February) 0.9747
2020 Avg (February) 0.9927

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Month High Low Average
January 0.9859 0.9298 0.9695
February 0.9877 0.9667 0.9747
March 0.9796 0.9619 0.9703
April 0.9666 0.9470 0.9570
May 0.9523 0.9405 0.9448
June 0.9455 0.9131 0.9366
July 0.9419 0.9083 0.9252
August 0.9372 0.9013 0.9094
September 0.9051 0.8882 0.8984
October 0.9173 0.8941 0.9042
November 0.8979 0.8851 0.8933
December 0.9081 0.8912 0.8961