2024 BHD to UGX Historical Review

YEARLY HIGH

10485.1409 UGX

YEARLY LOW

9652.6894 UGX

YEARLY AVERAGE

9968.7214 UGX

2024 BHD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BHD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 10485.1409. Conversely, the yearly low was recorded on December 17, dropping to 9652.6894.

This high-to-low spread represents a total annual volatility of 832.4514 UGX. From a start-to-finish perspective, comparing the January average rate of 10092.4711 to the December average rate of 9719.2903, the exchange rate registered a net change of -3.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 10485.1409 was up 3.50% compared to the 2023 peak of 10130.1508, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 52,425,704 UGX

2023 Average 49,407,183 UGX

Yearly Trough Low 48,263,447 UGX

Transaction Impact: A difference of 4,162,257.08 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

10397.0079

9657.6796

JanuMarcMayJulySeptNove

BHD 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 10140.4674, compared to 9796.9755 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 343.4919 points.

H1 Avg (Jan–Jun) 10140.4674

H2 Avg (Jul–Dec) 9796.9755

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 383.9941 UGX (High: 10485.1409 / Low: 10101.1468). On the other end, October was the most stable month, with a tight range of 66.8171 UGX (High: 9775.1818 / Low: 9708.3647).

February Spread (Volatile) ±383.9941

October Spread (Stable) ±66.8171

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 202.2480 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -202.2480

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 10273.6644) against the same month in 2023 (average: 9788.6336), the exchange rate shifted by +485.0308 (+4.96%).

2024 Avg (February) 10273.6644

2023 Avg (February) 9788.6336

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10132.1631	10016.5928	10092.4711
February	10485.1409	10101.1468	10273.6644
March	10433.0655	10283.4009	10335.3972
April	10296.0139	10058.4881	10133.1493
May	10148.9570	9958.5629	10051.4875
June	10122.6749	9826.6750	9956.6347
July	9914.6561	9790.4321	9831.3595
August	9908.1424	9791.3249	9878.5197
September	9892.4224	9786.7074	9849.8290
October	9775.1818	9708.3647	9741.0181
November	9833.1463	9699.0909	9761.8362
December	9785.1818	9652.6894	9719.2903