YEARLY HIGH
10.8551 UGX
YEARLY LOW
10.0669 UGX
YEARLY AVERAGE
10.3136 UGX

2018 NGN to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on June 26, valuing the pair at 10.8551. Conversely, the yearly low was recorded on February 13, dropping to 10.0669.

This high-to-low spread represents a total annual volatility of 0.7882 UGX. From a start-to-finish perspective, comparing the January average rate of 10.1065 to the December average rate of 10.2030, the exchange rate registered a net change of 0.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 10.8551 was down 9.19% compared to the 2017 peak of 11.9543, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 10,855,142 UGX
2017 Average 10,881,781 UGX
Yearly Trough Low 10,066,898 UGX
Transaction Impact: A difference of 788,244.67 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

10.7097
10.0402
JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 10.2712, compared to 10.3560 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0847 points.

H1 Avg (Jan–Jun) 10.2712
H2 Avg (Jul–Dec) 10.3560

Volatility Range Comparison

Volatility

The most volatile month in 2018 was July, with a trading range of 0.6333 UGX (High: 10.8380 / Low: 10.2047). On the other end, January was the most stable month, with a tight range of 0.0716 UGX (High: 10.1463 / Low: 10.0747).

July Spread (Volatile) ±0.6333
January Spread (Stable) ±0.0716

Growth Streaks & Declines

Trends

Between February and June, 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 June and July, when the average rate fell by 0.2375 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.2375

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2018: 10.6539) against the same month in 2017 (average: 11.2828), the exchange rate shifted by -0.6288 (-5.57%).

2018 Avg (June) 10.6539
2017 Avg (June) 11.2828

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 10.1463 10.0747 10.1065
February 10.1685 10.0669 10.0960
March 10.2542 10.1037 10.1499
April 10.3301 10.2417 10.2726
May 10.4771 10.3032 10.3485
June 10.8551 10.4635 10.6539
July 10.8380 10.2047 10.4164
August 10.4219 10.2016 10.3326
September 10.5658 10.3932 10.5015
October 10.5166 10.3348 10.3999
November 10.3543 10.1709 10.2823
December 10.2715 10.1376 10.2030