YEARLY HIGH
0.0681 CVE
YEARLY LOW
0.0247 CVE
YEARLY AVERAGE
0.0262 CVE

2020 UGX to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the UGX to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.0681. Conversely, the yearly low was recorded on December 17, dropping to 0.0247.

This high-to-low spread represents a total annual volatility of 0.0435 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0271 to the December average rate of 0.0248, the exchange rate registered a net change of -8.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0681 was up 147.61% compared to the 2019 peak of 0.0275, 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 341 CVE
2019 Average 133 CVE
Yearly Trough Low 123 CVE
Transaction Impact: A difference of 217.46 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0283
0.0245
JanuMarcMayJulySeptNove

UGX to CVE 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 0.0271, compared to 0.0254 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0271
H2 Avg (Jul–Dec) 0.0254

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0421 CVE (High: 0.0681 / Low: 0.0260). On the other end, December was the most stable month, with a tight range of 0.0003 CVE (High: 0.0250 / Low: 0.0247).

March Spread (Volatile) ±0.0421
December Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, when the average rate fell by 0.0010 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0280) against the same month in 2019 (average: 0.0264), the exchange rate shifted by +0.0016 (+5.92%).

2020 Avg (March) 0.0280
2019 Avg (March) 0.0264

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0273 0.0267 0.0271
February 0.0280 0.0272 0.0276
March 0.0681 0.0260 0.0280
April 0.0272 0.0266 0.0269
May 0.0271 0.0263 0.0267
June 0.0266 0.0260 0.0263
July 0.0272 0.0254 0.0262
August 0.0257 0.0252 0.0254
September 0.0257 0.0251 0.0254
October 0.0255 0.0249 0.0253
November 0.0254 0.0249 0.0252
December 0.0250 0.0247 0.0248