YEARLY HIGH
248.1267 UGX
YEARLY LOW
205.7258 UGX
YEARLY AVERAGE
226.0007 UGX

2022 ZAR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the ZAR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 24, valuing the pair at 248.1267. Conversely, the yearly low was recorded on November 3, dropping to 205.7258.

This high-to-low spread represents a total annual volatility of 42.4009 UGX. From a start-to-finish perspective, comparing the January average rate of 227.7027 to the December average rate of 213.2881, the exchange rate registered a net change of -6.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 248.1267 was down 6.02% compared to the 2021 peak of 264.0343, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 12,406,335 UGX
2021 Average 12,141,947 UGX
Yearly Trough Low 10,286,291 UGX
Transaction Impact: A difference of 2,120,044.15 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

243.0930
208.0114
JanuMarcMayJulySeptNove

ZAR to UGX 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 233.3505, compared to 218.6509 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 14.6996 points.

H1 Avg (Jan–Jun) 233.3505
H2 Avg (Jul–Dec) 218.6509

Volatility Range Comparison

Volatility

The most volatile month in 2022 was April, with a trading range of 23.3731 UGX (High: 245.2266 / Low: 221.8534). On the other end, February was the most stable month, with a tight range of 8.3582 UGX (High: 234.3666 / Low: 226.0084).

April Spread (Volatile) ±23.3731
February Spread (Stable) ±8.3582

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 August and September, when the average rate fell by 12.1920 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -12.1920

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2022: 240.1695) against the same month in 2021 (average: 244.3898), the exchange rate shifted by -4.2203 (-1.73%).

2022 Avg (March) 240.1695
2021 Avg (March) 244.3898

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 233.2688 220.8212 227.7027
February 234.3666 226.0084 230.7974
March 248.1267 229.1962 240.1695
April 245.2266 221.8534 236.2205
May 241.8271 220.4779 228.3115
June 243.7114 230.2728 236.9013
July 234.4930 219.6893 225.5345
August 238.6080 221.5139 229.5228
September 222.8236 212.4611 217.3308
October 217.2408 206.2478 210.9349
November 220.2722 205.7258 215.2940
December 219.2923 207.7784 213.2881