2024 BOB to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BOB to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BOB to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 571.8164. Conversely, the yearly low was recorded on December 16, dropping to 526.3236.
This high-to-low spread represents a total annual volatility of 45.4928 UGX. From a start-to-finish perspective, comparing the January average rate of 550.5950 to the December average rate of 530.2171, 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 571.8164 was up 3.51% compared to the 2023 peak of 552.4172, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BOB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BOB 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 552.8894, compared to 534.0614 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 18.8281 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 19.7422 UGX (High: 571.8164 / Low: 552.0742). On the other end, October was the most stable month, with a tight range of 2.7046 UGX (High: 531.8712 / Low: 529.1666).
Growth Streaks & Declines
TrendsBetween 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 11.6887 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 560.1595) against the same month in 2023 (average: 533.4985), the exchange rate shifted by +26.6611 (+5.00%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 552.4076 | 546.5002 | 550.5950 |
| February | 571.8164 | 552.0742 | 560.1595 |
| March | 569.2655 | 559.4343 | 563.6223 |
| April | 561.4797 | 548.0586 | 551.9335 |
| May | 553.5092 | 542.7927 | 548.1198 |
| June | 552.3447 | 536.0906 | 542.9065 |
| July | 540.8110 | 533.9478 | 536.2650 |
| August | 540.8823 | 537.1180 | 538.8160 |
| September | 539.5881 | 532.0794 | 536.7912 |
| October | 531.8712 | 529.1666 | 530.5939 |
| November | 536.1267 | 527.9271 | 531.6852 |
| December | 534.0424 | 526.3236 | 530.2171 |