2020 NOK to UGX Historical Review

YEARLY HIGH

427.0730 UGX

YEARLY LOW

323.6084 UGX

YEARLY AVERAGE

395.7750 UGX

2020 NOK to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NOK to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 427.0730. Conversely, the yearly low was recorded on March 21, dropping to 323.6084.

This high-to-low spread represents a total annual volatility of 103.4646 UGX. From a start-to-finish perspective, comparing the January average rate of 411.3620 to the December average rate of 421.1479, the exchange rate registered a net change of 2.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 427.0730 was down 3.45% compared to the 2019 peak of 442.3419, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NOK based on timing:

Yearly Peak High 2,135,365 UGX

2019 Average 2,106,643 UGX

Yearly Trough Low 1,618,042 UGX

Transaction Impact: A difference of 517,322.98 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

426.9681

357.1249

JanuMarcMayJulySeptNove

NOK 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 384.2932, compared to 407.2569 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 22.9637 points.

H1 Avg (Jan–Jun) 384.2932

H2 Avg (Jul–Dec) 407.2569

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 77.3502 UGX (High: 400.9586 / Low: 323.6084). On the other end, February was the most stable month, with a tight range of 8.2429 UGX (High: 399.6633 / Low: 391.4205).

March Spread (Volatile) ±77.3502

February Spread (Stable) ±8.2429

Growth Streaks & Declines

Trends

Between April and August, 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 February and March, when the average rate fell by 27.6048 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -27.6048

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 421.1479) against the same month in 2019 (average: 407.5738), the exchange rate shifted by +13.5741 (+3.33%).

2020 Avg (December) 421.1479

2019 Avg (December) 407.5738

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	422.0578	399.3780	411.3620
February	399.6633	391.4205	395.8310
March	400.9586	323.6084	368.2262
April	371.8430	351.2783	362.9452
May	388.7808	361.7199	375.7218
June	405.0171	383.7211	391.6729
July	408.8600	390.4756	398.3210
August	420.6632	403.2890	410.9996
September	420.2336	387.1079	404.1825
October	405.3244	392.3635	400.0801
November	419.3546	390.6042	408.8104
December	427.0730	416.3619	421.1479