2024 BMD to UGX Historical Review

YEARLY HIGH

3950.5914 UGX

YEARLY LOW

3639.9906 UGX

YEARLY AVERAGE

3756.6549 UGX

2024 BMD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BMD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 3950.5914. Conversely, the yearly low was recorded on December 17, dropping to 3639.9906.

This high-to-low spread represents a total annual volatility of 310.6008 UGX. From a start-to-finish perspective, comparing the January average rate of 3803.9837 to the December average rate of 3663.7884, the exchange rate registered a net change of -3.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3950.5914 was up 3.48% compared to the 2023 peak of 3817.7499, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 19,752,957 UGX

2023 Average 18,618,257 UGX

Yearly Trough Low 18,199,953 UGX

Transaction Impact: A difference of 1,553,003.98 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3917.3469

3640.7377

JanuMarcMayJulySeptNove

BMD 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 3821.5755, compared to 3691.7344 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 129.8411 points.

H1 Avg (Jan–Jun) 3821.5755

H2 Avg (Jul–Dec) 3691.7344

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 142.4994 UGX (High: 3950.5914 / Low: 3808.0919). On the other end, October was the most stable month, with a tight range of 23.2374 UGX (High: 3682.2132 / Low: 3658.9759).

February Spread (Volatile) ±142.4994

October Spread (Stable) ±23.2374

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 74.5067 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -74.5067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 3872.1442) against the same month in 2023 (average: 3686.9142), the exchange rate shifted by +185.2300 (+5.02%).

2024 Avg (February) 3872.1442

2023 Avg (February) 3686.9142

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3819.0656	3776.0451	3803.9837
February	3950.5914	3808.0919	3872.1442
March	3932.0450	3875.7213	3894.2961
April	3886.3294	3791.9997	3819.7894
May	3824.8374	3750.1842	3787.2941
June	3815.1248	3704.1750	3751.9455
July	3737.4486	3689.0604	3704.7652
August	3736.6082	3685.6211	3720.6284
September	3727.9891	3689.0700	3711.0297
October	3682.2132	3658.9759	3671.3149
November	3705.9850	3655.1800	3678.8795
December	3688.3596	3639.9906	3663.7884