YEARLY HIGH
40.9812 UGX
YEARLY LOW
36.1175 UGX
YEARLY AVERAGE
38.3534 UGX

2021 CVE to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CVE to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 40.9812. Conversely, the yearly low was recorded on December 20, dropping to 36.1175.

This high-to-low spread represents a total annual volatility of 4.8637 UGX. From a start-to-finish perspective, comparing the January average rate of 40.5755 to the December average rate of 36.2775, the exchange rate registered a net change of -10.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 40.9812 was up 1.04% compared to the 2020 peak of 40.5576, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 204,906 UGX
2020 Average 191,294 UGX
Yearly Trough Low 180,587 UGX
Transaction Impact: A difference of 24,318.74 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

41.0053
35.8477
JanuMarcMayJulySeptNove

CVE 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 39.4245, compared to 37.2824 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1421 points.

H1 Avg (Jan–Jun) 39.4245
H2 Avg (Jul–Dec) 37.2824

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 2.1447 UGX (High: 39.2530 / Low: 37.1082). On the other end, December was the most stable month, with a tight range of 0.4432 UGX (High: 36.5606 / Low: 36.1175).

June Spread (Volatile) ±2.1447
December Spread (Stable) ±0.4432

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.8244 points.

Longest Streak 0 Mo.
Sharpest MoM Drop -0.8244

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 40.5755) against the same month in 2020 (average: 36.9113), the exchange rate shifted by +3.6642 (+9.93%).

2021 Avg (January) 40.5755
2020 Avg (January) 36.9113

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 40.9812 40.1720 40.5755
February 40.2633 39.6047 40.0490
March 39.9468 38.7806 39.3362
April 39.4060 38.8259 39.1459
May 39.3812 38.5147 38.9515
June 39.2530 37.1082 38.4887
July 38.1450 37.5966 37.9092
August 38.1229 37.3057 37.7236
September 37.9086 37.1846 37.5956
October 38.2024 37.0784 37.5064
November 37.2505 36.1239 36.6820
December 36.5606 36.1175 36.2775