2019 TOP to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 TOP to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the TOP to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 1682.5176. Conversely, the yearly low was recorded on August 25, dropping to 1561.7243.
This high-to-low spread represents a total annual volatility of 120.7932 UGX. From a start-to-finish perspective, comparing the January average rate of 1633.7062 to the December average rate of 1597.7619, the exchange rate registered a net change of -2.20% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 1682.5176 was down 1.39% compared to the 2018 peak of 1706.2711, 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 2019.
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 1636.9795, compared to 1597.9535 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 39.0260 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was April, with a trading range of 51.2234 UGX (High: 1682.5176 / Low: 1631.2942). On the other end, March was the most stable month, with a tight range of 15.5067 UGX (High: 1644.1556 / Low: 1628.6488).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 26.7561 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2019: 1647.6968) against the same month in 2018 (average: 1662.3014), the exchange rate shifted by -14.6046 (-0.88%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1649.2963 | 1611.8015 | 1633.7062 |
| February | 1640.5388 | 1614.8676 | 1627.0733 |
| March | 1644.1556 | 1628.6488 | 1637.7329 |
| April | 1682.5176 | 1631.2942 | 1647.6968 |
| May | 1653.1593 | 1633.8824 | 1644.2070 |
| June | 1650.0313 | 1604.7350 | 1631.4608 |
| July | 1638.3996 | 1612.0282 | 1622.6334 |
| August | 1610.4932 | 1561.7243 | 1595.8773 |
| September | 1604.3160 | 1573.1771 | 1585.3511 |
| October | 1607.4898 | 1571.4567 | 1590.8636 |
| November | 1607.9748 | 1589.6285 | 1595.2335 |
| December | 1608.4341 | 1590.8712 | 1597.7619 |