2024 BGN to UGX Historical Review

YEARLY HIGH

2193.3692 UGX

YEARLY LOW

1933.6590 UGX

YEARLY AVERAGE

2078.5752 UGX

2024 BGN to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 2193.3692. Conversely, the yearly low was recorded on December 19, dropping to 1933.6590.

This high-to-low spread represents a total annual volatility of 259.7102 UGX. From a start-to-finish perspective, comparing the January average rate of 2121.6627 to the December average rate of 1962.0039, the exchange rate registered a net change of -7.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2193.3692 was up 2.34% compared to the 2023 peak of 2143.3067, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,966,846 UGX

2023 Average 10,299,207 UGX

Yearly Trough Low 9,668,295 UGX

Transaction Impact: A difference of 1,298,551.19 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2184.6964

1941.7591

JanuMarcMayJulySeptNove

BGN 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 2112.6764, compared to 2044.4741 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 68.2023 points.

H1 Avg (Jan–Jun) 2112.6764

H2 Avg (Jul–Dec) 2044.4741

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 95.6205 UGX (High: 2124.7446 / Low: 2029.1242). On the other end, September was the most stable month, with a tight range of 27.3098 UGX (High: 2120.9575 / Low: 2093.6477).

June Spread (Volatile) ±95.6205

September Spread (Stable) ±27.3098

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 69.9284 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -69.9284

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2136.8903) against the same month in 2023 (average: 2016.7308), the exchange rate shifted by +120.1595 (+5.96%).

2024 Avg (February) 2136.8903

2023 Avg (February) 2016.7308

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2139.6618	2107.5418	2121.6627
February	2193.3692	2102.0559	2136.8903
March	2186.1303	2141.7646	2164.4516
April	2143.5431	2065.1877	2094.5232
May	2119.3198	2069.7076	2093.7197
June	2124.7446	2029.1242	2064.8106
July	2073.3655	2032.7159	2055.6563
August	2126.6229	2058.6356	2097.0166
September	2120.9575	2093.6477	2107.7891
October	2074.4452	2018.9850	2045.4089
November	2051.5372	1968.1005	1998.9698
December	1992.9157	1933.6590	1962.0039