2011 NGN to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 NGN to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the NGN to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 18.9063. Conversely, the yearly low was recorded on December 20, dropping to 14.5516.
This high-to-low spread represents a total annual volatility of 4.3548 UGX. From a start-to-finish perspective, comparing the January average rate of 15.2642 to the December average rate of 15.0927, the exchange rate registered a net change of -1.12% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2011 high of 18.9063 was up 23.35% compared to the 2010 peak of 15.3272, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
NGN 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 15.4127, compared to 16.9670 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5543 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was June, with a trading range of 2.1004 UGX (High: 17.4045 / Low: 15.3041). On the other end, May was the most stable month, with a tight range of 0.2013 UGX (High: 15.4062 / Low: 15.2049).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 1.2672 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2011: 17.9373) against the same month in 2010 (average: 14.8040), the exchange rate shifted by +3.1333 (+21.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.6926 | 15.0250 | 15.2642 |
| February | 15.5525 | 15.1334 | 15.3522 |
| March | 15.5617 | 15.3067 | 15.4611 |
| April | 15.5173 | 15.0014 | 15.3408 |
| May | 15.4062 | 15.2049 | 15.3083 |
| June | 17.4045 | 15.3041 | 15.7495 |
| July | 17.2156 | 16.6204 | 17.0035 |
| August | 18.9063 | 17.0992 | 17.9373 |
| September | 18.3021 | 17.6860 | 18.0149 |
| October | 17.9969 | 16.1366 | 17.5104 |
| November | 16.7650 | 15.7112 | 16.2432 |
| December | 15.8203 | 14.5516 | 15.0927 |