2020 NGN to UGX Historical Review

YEARLY HIGH

10.7053 UGX

YEARLY LOW

9.2337 UGX

YEARLY AVERAGE

9.7801 UGX

2020 NGN to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 25, valuing the pair at 10.7053. Conversely, the yearly low was recorded on December 26, dropping to 9.2337.

This high-to-low spread represents a total annual volatility of 1.4716 UGX. From a start-to-finish perspective, comparing the January average rate of 10.1542 to the December average rate of 9.5494, the exchange rate registered a net change of -5.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 10.7053 was down 12.96% compared to the 2019 peak of 12.2994, 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 10,705,256 UGX

2019 Average 10,296,252 UGX

Yearly Trough Low 9,233,678 UGX

Transaction Impact: A difference of 1,471,578.15 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

10.2233

9.4842

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 9.9382, compared to 9.6221 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3161 points.

H1 Avg (Jan–Jun) 9.9382

H2 Avg (Jul–Dec) 9.6221

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 1.0062 UGX (High: 10.7053 / Low: 9.6991). On the other end, February was the most stable month, with a tight range of 0.1022 UGX (High: 10.1563 / Low: 10.0542).

March Spread (Volatile) ±1.0062

February Spread (Stable) ±0.1022

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 March and April, when the average rate fell by 0.3343 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3343

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 10.1617) against the same month in 2019 (average: 10.2884), the exchange rate shifted by -0.1267 (-1.23%).

2020 Avg (March) 10.1617

2019 Avg (March) 10.2884

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.2358	10.0619	10.1542
February	10.1563	10.0542	10.1005
March	10.7053	9.6991	10.1617
April	10.2928	9.7034	9.8274
May	9.8099	9.6964	9.7400
June	9.7651	9.6015	9.6453
July	9.6146	9.4996	9.5545
August	9.7377	9.4793	9.5458
September	9.7334	9.5179	9.6356
October	9.8278	9.5993	9.7330
November	9.8283	9.6551	9.7141
December	9.7179	9.2337	9.5494