2014 TOP to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 TOP to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the TOP to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 1481.1157. Conversely, the yearly low was recorded on February 9, dropping to 1307.2961.
This high-to-low spread represents a total annual volatility of 173.8196 UGX. From a start-to-finish perspective, comparing the January average rate of 1343.1183 to the December average rate of 1408.8478, the exchange rate registered a net change of 4.89% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 1481.1157 was down 5.07% compared to the 2013 peak of 1560.1744, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2014.
TOP 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 1359.8125, compared to 1392.3546 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 32.5420 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was July, with a trading range of 75.5551 UGX (High: 1481.1157 / Low: 1405.5605). On the other end, December was the most stable month, with a tight range of 25.4480 UGX (High: 1417.6346 / Low: 1392.1866).
Growth Streaks & Declines
TrendsBetween February and April, 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 30.5203 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2014: 1428.1565) against the same month in 2013 (average: 1402.7846), the exchange rate shifted by +25.3719 (+1.81%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1368.6826 | 1316.7798 | 1343.1183 |
| February | 1356.0726 | 1307.2961 | 1320.0623 |
| March | 1400.7738 | 1346.7683 | 1364.5349 |
| April | 1394.8685 | 1349.2416 | 1379.5855 |
| May | 1386.5467 | 1354.2865 | 1365.0524 |
| June | 1410.4501 | 1358.8258 | 1386.5218 |
| July | 1481.1157 | 1405.5605 | 1428.1565 |
| August | 1430.4088 | 1384.8950 | 1404.8579 |
| September | 1413.5344 | 1351.7529 | 1374.3376 |
| October | 1378.7096 | 1349.9237 | 1364.3020 |
| November | 1404.8481 | 1347.9985 | 1373.6256 |
| December | 1417.6346 | 1392.1866 | 1408.8478 |