YEARLY HIGH
2.8123 GNF
YEARLY LOW
2.6159 GNF
YEARLY AVERAGE
2.7438 GNF

2021 UGX to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the UGX to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 16, valuing the pair at 2.8123. Conversely, the yearly low was recorded on December 17, dropping to 2.6159.

This high-to-low spread represents a total annual volatility of 0.1964 GNF. From a start-to-finish perspective, comparing the January average rate of 2.7649 to the December average rate of 2.6478, the exchange rate registered a net change of -4.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.8123 was up 2.41% compared to the 2020 peak of 2.7461, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,061 GNF
2020 Average 12,945 GNF
Yearly Trough Low 13,079 GNF
Transaction Impact: A difference of 981.97 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.7893
2.6350
JanuMarcMayJulySeptNove

UGX to GNF 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 2.7645, compared to 2.7231 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0414 points.

H1 Avg (Jan–Jun) 2.7645
H2 Avg (Jul–Dec) 2.7231

Volatility Range Comparison

Volatility

The most volatile month in 2021 was October, with a trading range of 0.0931 GNF (High: 2.7606 / Low: 2.6674). On the other end, July was the most stable month, with a tight range of 0.0274 GNF (High: 2.7777 / Low: 2.7503).

October Spread (Volatile) ±0.0931
July Spread (Stable) ±0.0274

Growth Streaks & Declines

Trends

Between July and September, 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 September and October, when the average rate fell by 0.0558 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0558

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 2.7738) against the same month in 2020 (average: 2.5757), the exchange rate shifted by +0.1981 (+7.69%).

2021 Avg (February) 2.7738
2020 Avg (February) 2.5757

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.7907 2.7339 2.7649
February 2.8123 2.7451 2.7738
March 2.7665 2.7362 2.7498
April 2.7779 2.7269 2.7490
May 2.7923 2.7546 2.7765
June 2.7894 2.7607 2.7731
July 2.7777 2.7503 2.7618
August 2.7754 2.7461 2.7642
September 2.7808 2.7424 2.7700
October 2.7606 2.6674 2.7141
November 2.7138 2.6381 2.6806
December 2.6854 2.6159 2.6478