YEARLY HIGH
440.3862 UGX
YEARLY LOW
387.9115 UGX
YEARLY AVERAGE
417.4725 UGX

2021 NOK to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 440.3862. Conversely, the yearly low was recorded on December 4, dropping to 387.9115.

This high-to-low spread represents a total annual volatility of 52.4747 UGX. From a start-to-finish perspective, comparing the January average rate of 433.1566 to the December average rate of 396.2719, the exchange rate registered a net change of -8.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 440.3862 was up 3.12% compared to the 2020 peak of 427.0730, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,201,931 UGX
2020 Average 1,979,085 UGX
Yearly Trough Low 1,939,558 UGX
Transaction Impact: A difference of 262,373.29 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

436.8451
392.5834
JanuMarcMayJulySeptNove

NOK 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 428.8721, compared to 406.0729 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 22.7992 points.

H1 Avg (JanтАУJun) 428.8721
H2 Avg (JulтАУDec) 406.0729

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 29.5521 UGX (High: 422.2039 / Low: 392.6518). On the other end, September was the most stable month, with a tight range of 8.6434 UGX (High: 411.9635 / Low: 403.3202).

November Spread (Volatile) ┬▒29.5521
September Spread (Stable) ┬▒8.6434

Growth Streaks & Declines

Trends

Between August and October, 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 October and November, when the average rate fell by 16.9213 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -16.9213

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 433.1566) against the same month in 2020 (average: 411.3620), the exchange rate shifted by +21.7946 (+5.30%).

2021 Avg (January) 433.1566
2020 Avg (January) 411.3620

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 440.3862 423.4053 433.1566
February 437.9489 423.1413 431.0668
March 436.3584 422.6169 429.4782
April 440.3341 428.0387 431.9624
May 433.2373 423.6293 427.6918
June 428.0282 407.6498 419.8769
July 416.2421 395.4352 404.8210
August 407.7412 390.7673 399.5852
September 411.9635 403.3202 407.4932
October 434.5349 410.0018 422.5937
November 422.2039 392.6518 405.6724
December 403.4500 387.9115 396.2719