2022 UGX to GNF Historical Review

YEARLY HIGH

2.6330 GNF

YEARLY LOW

2.2287 GNF

YEARLY AVERAGE

2.3914 GNF

2022 UGX to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the UGX to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 2.6330. Conversely, the yearly low was recorded on August 6, dropping to 2.2287.

This high-to-low spread represents a total annual volatility of 0.4043 GNF. From a start-to-finish perspective, comparing the January average rate of 2.5775 to the December average rate of 2.3586, the exchange rate registered a net change of -8.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 2.6330 was down 6.37% compared to the 2021 peak of 2.8123, 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 13,165 GNF

2021 Average 13,718 GNF

Yearly Trough Low 11,144 GNF

Transaction Impact: A difference of 2,021.40 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

2.6087

2.2352

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 2.4872, compared to 2.2955 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1917 points.

H1 Avg (Jan–Jun) 2.4872

H2 Avg (Jul–Dec) 2.2955

Volatility Range Comparison

Volatility

The most volatile month in 2022 was May, with a trading range of 0.1567 GNF (High: 2.4985 / Low: 2.3418). On the other end, October was the most stable month, with a tight range of 0.0381 GNF (High: 2.2938 / Low: 2.2558).

May Spread (Volatile) ±0.1567

October Spread (Stable) ±0.0381

Growth Streaks & Declines

Trends

Between October and December, 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 May and June, when the average rate fell by 0.0867 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0867

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 2.5775) against the same month in 2021 (average: 2.7649), the exchange rate shifted by -0.1874 (-6.78%).

2022 Avg (January) 2.5775

2021 Avg (January) 2.7649

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6330	2.5534	2.5775
February	2.5941	2.5258	2.5642
March	2.5421	2.4720	2.4905
April	2.5314	2.4740	2.5089
May	2.4985	2.3418	2.4345
June	2.3990	2.3054	2.3477
July	2.3380	2.2312	2.2905
August	2.3083	2.2287	2.2664
September	2.3174	2.2397	2.2745
October	2.2938	2.2558	2.2721
November	2.3538	2.2769	2.3110
December	2.4113	2.3116	2.3586