2024 BAM to UGX Historical Review

YEARLY HIGH

2192.4490 UGX

YEARLY LOW

1940.2175 UGX

YEARLY AVERAGE

2078.8645 UGX

2024 BAM to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BAM to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 2192.4490. Conversely, the yearly low was recorded on December 19, dropping to 1940.2175.

This high-to-low spread represents a total annual volatility of 252.2315 UGX. From a start-to-finish perspective, comparing the January average rate of 2122.8160 to the December average rate of 1963.2527, the exchange rate registered a net change of -7.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2192.4490 was up 2.29% compared to the 2023 peak of 2143.3673, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,962,245 UGX

2023 Average 10,299,356 UGX

Yearly Trough Low 9,701,088 UGX

Transaction Impact: A difference of 1,261,157.32 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2184.3268

1943.1551

JanuMarcMayJulySeptNove

BAM 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 2113.1606, compared to 2044.5684 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 68.5922 points.

H1 Avg (Jan–Jun) 2113.1606

H2 Avg (Jul–Dec) 2044.5684

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 95.4913 UGX (High: 2124.3313 / Low: 2028.8400). On the other end, September was the most stable month, with a tight range of 24.5669 UGX (High: 2120.8942 / Low: 2096.3273).

June Spread (Volatile) ±95.4913

September Spread (Stable) ±24.5669

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 67.9146 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -67.9146

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2137.9093) against the same month in 2023 (average: 2019.5492), the exchange rate shifted by +118.3601 (+5.86%).

2024 Avg (February) 2137.9093

2023 Avg (February) 2019.5492

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2140.8121	2111.1456	2122.8160
February	2192.4490	2099.4131	2137.9093
March	2186.1303	2139.2719	2164.2292
April	2144.4065	2069.2363	2096.3146
May	2120.8706	2071.7764	2092.7608
June	2124.3313	2028.8400	2064.9337
July	2073.6749	2027.2989	2055.4514
August	2120.3780	2059.5206	2094.3105
September	2120.8942	2096.3273	2108.3101
October	2079.4411	2019.6215	2045.7184
November	2046.1970	1967.9883	2000.3670
December	1993.0343	1940.2175	1963.2527