2018 NGN to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
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.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
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 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.
Volatility Range Comparison
VolatilityThe 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).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing 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%).
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 |