2021 QAR to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 QAR to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the QAR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 1021.2945. Conversely, the yearly low was recorded on August 18, dropping to 954.1631.
This high-to-low spread represents a total annual volatility of 67.1314 UGX. From a start-to-finish perspective, comparing the January average rate of 1013.3912 to the December average rate of 976.3691, the exchange rate registered a net change of -3.65% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 1021.2945 was down 5.15% compared to the 2020 peak of 1076.7142, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 QAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
QAR 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 994.9560, compared to 973.7714 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 21.1846 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was October, with a trading range of 24.7430 UGX (High: 996.7660 / Low: 972.0230). On the other end, February was the most stable month, with a tight range of 5.2836 UGX (High: 1010.4883 / Low: 1005.2046).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 20.5306 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2021: 1013.3912) against the same month in 2020 (average: 1010.3200), the exchange rate shifted by +3.0712 (+0.30%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1021.2945 | 1003.8482 | 1013.3912 |
| February | 1010.4883 | 1005.2046 | 1007.1390 |
| March | 1007.0359 | 1001.3074 | 1005.4171 |
| April | 1006.2395 | 982.1194 | 996.1589 |
| May | 987.3274 | 967.3960 | 975.6283 |
| June | 976.6153 | 964.7417 | 972.0016 |
| July | 977.8747 | 963.1265 | 973.8765 |
| August | 975.8156 | 954.1631 | 967.1677 |
| September | 977.7926 | 954.9095 | 966.9794 |
| October | 996.7660 | 972.0230 | 982.2829 |
| November | 983.2472 | 969.0428 | 975.9530 |
| December | 981.8031 | 972.0933 | 976.3691 |