2014 NGN to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 NGN to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the NGN to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 16.4233. Conversely, the yearly low was recorded on February 22, dropping to 14.8429.
This high-to-low spread represents a total annual volatility of 1.5804 UGX. From a start-to-finish perspective, comparing the January average rate of 15.6209 to the December average rate of 15.1974, the exchange rate registered a net change of -2.71% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2014 high of 16.4233 was down 5.31% compared to the 2013 peak of 17.3441, 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 2014.
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 15.5129, compared to 15.9552 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4424 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was November, with a trading range of 0.7971 UGX (High: 16.3395 / Low: 15.5424). On the other end, April was the most stable month, with a tight range of 0.2404 UGX (High: 15.6835 / Low: 15.4431).
Growth Streaks & Declines
TrendsBetween February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.7230 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2014: 16.2148) against the same month in 2013 (average: 16.0667), the exchange rate shifted by +0.1481 (+0.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.8997 | 15.2044 | 15.6209 |
| February | 15.2755 | 14.8429 | 15.0659 |
| March | 15.5669 | 15.2376 | 15.3733 |
| April | 15.6835 | 15.4431 | 15.5775 |
| May | 15.8900 | 15.5253 | 15.6425 |
| June | 16.0311 | 15.6458 | 15.7970 |
| July | 16.4233 | 15.9648 | 16.2148 |
| August | 16.2679 | 16.0078 | 16.1066 |
| September | 16.1946 | 15.9229 | 16.0487 |
| October | 16.4005 | 16.0537 | 16.2434 |
| November | 16.3395 | 15.5424 | 15.9204 |
| December | 15.4476 | 14.8963 | 15.1974 |