2022 NOK to UGX Historical Review

YEARLY HIGH

419.7731 UGX

YEARLY LOW

353.9934 UGX

YEARLY AVERAGE

384.6849 UGX

2022 NOK to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NOK to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 419.7731. Conversely, the yearly low was recorded on October 1, dropping to 353.9934.

This high-to-low spread represents a total annual volatility of 65.7797 UGX. From a start-to-finish perspective, comparing the January average rate of 398.7076 to the December average rate of 373.4961, the exchange rate registered a net change of -6.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 419.7731 was down 4.68% compared to the 2021 peak of 440.3862, 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 2,098,866 UGX

2021 Average 2,086,871 UGX

Yearly Trough Low 1,769,967 UGX

Transaction Impact: A difference of 328,898.45 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

411.2964

357.1195

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 393.8208, compared to 375.5490 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 18.2718 points.

H1 Avg (Jan–Jun) 393.8208

H2 Avg (Jul–Dec) 375.5490

Volatility Range Comparison

Volatility

The most volatile month in 2022 was May, with a trading range of 38.2787 UGX (High: 403.1861 / Low: 364.9073). On the other end, February was the most stable month, with a tight range of 12.8738 UGX (High: 402.6978 / Low: 389.8240).

May Spread (Volatile) ±38.2787

February Spread (Stable) ±12.8738

Growth Streaks & Declines

Trends

Between October and December, 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 August and September, when the average rate fell by 21.5335 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -21.5335

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2022: 406.7816) against the same month in 2021 (average: 429.4782), the exchange rate shifted by -22.6966 (-5.28%).

2022 Avg (March) 406.7816

2021 Avg (March) 429.4782

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	406.8705	389.7754	398.7076
February	402.6978	389.8240	396.4352
March	419.7731	397.3764	406.7816
April	409.2211	376.9756	398.4226
May	403.1861	364.9073	378.1688
June	400.9368	373.8506	384.4089
July	400.2221	368.1139	379.9268
August	406.3055	381.3440	394.1804
September	387.6161	353.9934	372.6468
October	371.3307	353.9934	361.6342
November	380.9214	357.8927	371.4096
December	384.6360	368.1234	373.4961