2024 AFN to UGX Historical Review

YEARLY HIGH

56.4245 UGX

YEARLY LOW

50.7414 UGX

YEARLY AVERAGE

53.2930 UGX

2024 AFN to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 56.4245. Conversely, the yearly low was recorded on February 3, dropping to 50.7414.

This high-to-low spread represents a total annual volatility of 5.6830 UGX. From a start-to-finish perspective, comparing the January average rate of 53.1898 to the December average rate of 52.7863, the exchange rate registered a net change of -0.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 56.4245 was up 2.61% compared to the 2023 peak of 54.9878, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AFN based on timing:

Yearly Peak High 282,122 UGX

2023 Average 226,938 UGX

Yearly Trough Low 253,707 UGX

Transaction Impact: A difference of 28,415.04 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

54.9774

52.1173

JanuMarcMayJulySeptNove

AFN 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 53.2208, compared to 53.3651 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1442 points.

H1 Avg (Jan–Jun) 53.2208

H2 Avg (Jul–Dec) 53.3651

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 3.5758 UGX (High: 54.3172 / Low: 50.7414). On the other end, July was the most stable month, with a tight range of 0.6950 UGX (High: 52.7289 / Low: 52.0339).

February Spread (Volatile) ±3.5758

July Spread (Stable) ±0.6950

Growth Streaks & Declines

Trends

Between July and October, 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 November and December, when the average rate fell by 1.5725 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.5725

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 54.7390) against the same month in 2023 (average: 49.6947), the exchange rate shifted by +5.0444 (+10.15%).

2024 Avg (October) 54.7390

2023 Avg (October) 49.6947

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	54.4174	51.2328	53.1898
February	54.3172	50.7414	52.9273
March	54.7267	53.3233	53.9528
April	54.3168	52.7220	53.2125
May	53.9968	51.9019	52.8442
June	54.4914	52.2075	53.1985
July	52.7289	52.0339	52.3556
August	53.2597	51.9781	52.5530
September	54.3207	52.3273	53.3977
October	56.4245	53.3016	54.7390
November	54.8144	53.8541	54.3588
December	54.4640	51.8173	52.7863