2024 BWP to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BWP to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BWP to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 9, valuing the pair at 288.1737. Conversely, the yearly low was recorded on December 31, dropping to 263.4137.
This high-to-low spread represents a total annual volatility of 24.7600 UGX. From a start-to-finish perspective, comparing the January average rate of 280.1132 to the December average rate of 267.1423, the exchange rate registered a net change of -4.63% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 288.1737 was down 1.70% compared to the 2023 peak of 293.1706, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BWP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BWP 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 279.8656, compared to 274.2874 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.5782 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was April, with a trading range of 15.3223 UGX (High: 283.9077 / Low: 268.5854). On the other end, March was the most stable month, with a tight range of 5.3298 UGX (High: 288.1737 / Low: 282.8439).
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 7.2485 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 285.0561) against the same month in 2023 (average: 282.7100), the exchange rate shifted by +2.3461 (+0.83%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 283.5205 | 277.9500 | 280.1132 |
| February | 286.4772 | 279.1013 | 282.4663 |
| March | 288.1737 | 282.8439 | 285.0561 |
| April | 283.9077 | 268.5854 | 277.8075 |
| May | 282.7272 | 268.1611 | 278.4271 |
| June | 278.6107 | 271.9211 | 275.3234 |
| July | 275.2988 | 269.9052 | 273.4604 |
| August | 280.4217 | 273.7658 | 277.3871 |
| September | 283.3692 | 277.5007 | 280.2480 |
| October | 281.0049 | 272.8288 | 275.7840 |
| November | 276.1134 | 267.3532 | 271.7026 |
| December | 271.2390 | 263.4137 | 267.1423 |