2024 ARS to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ARS to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ARS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 4.6995. Conversely, the yearly low was recorded on December 30, dropping to 3.5608.
This high-to-low spread represents a total annual volatility of 1.1387 UGX. From a start-to-finish perspective, comparing the January average rate of 4.6522 to the December average rate of 3.5926, the exchange rate registered a net change of -22.78% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 4.6995 was down 77.68% compared to the 2023 peak of 21.0505, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ARS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ARS 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 4.4508, compared to 3.8103 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6405 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 0.1816 UGX (High: 4.2558 / Low: 4.0742). On the other end, November was the most stable month, with a tight range of 0.0658 UGX (High: 3.7116 / Low: 3.6458).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1769 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 4.6421) against the same month in 2023 (average: 19.2284), the exchange rate shifted by -14.5863 (-75.86%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.6967 | 4.6083 | 4.6522 |
| February | 4.6995 | 4.6056 | 4.6421 |
| March | 4.6702 | 4.5240 | 4.5788 |
| April | 4.5247 | 4.3484 | 4.4020 |
| May | 4.3638 | 4.2347 | 4.2772 |
| June | 4.2558 | 4.0742 | 4.1527 |
| July | 4.0671 | 3.9888 | 4.0184 |
| August | 4.0051 | 3.9099 | 3.9557 |
| September | 3.9098 | 3.8084 | 3.8646 |
| October | 3.7930 | 3.6948 | 3.7491 |
| November | 3.7116 | 3.6458 | 3.6816 |
| December | 3.6464 | 3.5608 | 3.5926 |