2020 NIO to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NIO to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NIO to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 25, valuing the pair at 115.0572. Conversely, the yearly low was recorded on December 29, dropping to 104.4998.
This high-to-low spread represents a total annual volatility of 10.5574 UGX. From a start-to-finish perspective, comparing the January average rate of 108.3637 to the December average rate of 105.1394, the exchange rate registered a net change of -2.98% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 115.0572 was up 0.04% compared to the 2019 peak of 115.0162, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NIO based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
NIO 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 109.8604, compared to 106.2844 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.5760 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 6.7293 UGX (High: 115.0572 / Low: 108.3279). On the other end, October was the most stable month, with a tight range of 1.6088 UGX (High: 107.7037 / Low: 106.0948).
Growth Streaks & Declines
TrendsBetween 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 June and July, when the average rate fell by 2.2737 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2020: 110.9013) against the same month in 2019 (average: 112.8960), the exchange rate shifted by -1.9946 (-1.77%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 109.4810 | 107.3982 | 108.3637 |
| February | 109.4112 | 107.2251 | 108.1661 |
| March | 115.0572 | 108.3279 | 110.9013 |
| April | 112.2474 | 109.4679 | 110.9010 |
| May | 112.4256 | 109.7079 | 111.4692 |
| June | 111.2848 | 107.8606 | 109.3612 |
| July | 109.3079 | 106.3500 | 107.0875 |
| August | 107.1012 | 105.2945 | 105.7665 |
| September | 107.1330 | 105.4640 | 106.3481 |
| October | 107.7037 | 106.0948 | 106.9794 |
| November | 107.7037 | 104.6995 | 106.3855 |
| December | 106.1662 | 104.4998 | 105.1394 |