2024 CNY to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CNY to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CNY to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 549.7509. Conversely, the yearly low was recorded on December 18, dropping to 499.5954.
This high-to-low spread represents a total annual volatility of 50.1555 UGX. From a start-to-finish perspective, comparing the January average rate of 534.9791 to the December average rate of 503.1665, the exchange rate registered a net change of -5.95% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 549.7509 was down 0.55% compared to the 2023 peak of 552.7926, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 CNY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CNY 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 532.3345, compared to 514.5602 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 17.7743 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 26.7779 UGX (High: 536.8123 / Low: 510.0344). On the other end, September was the most stable month, with a tight range of 5.1355 UGX (High: 527.0287 / Low: 521.8933).
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 12.6728 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 540.9682) against the same month in 2023 (average: 538.7505), the exchange rate shifted by +2.2177 (+0.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 538.1708 | 529.7885 | 534.9791 |
| February | 549.7509 | 530.9391 | 540.9682 |
| March | 546.3602 | 536.6877 | 541.1206 |
| April | 540.1193 | 524.0029 | 528.4478 |
| May | 537.8459 | 518.8355 | 528.5062 |
| June | 536.8123 | 510.0344 | 519.9850 |
| July | 517.6048 | 507.5772 | 510.5397 |
| August | 525.0232 | 515.1619 | 520.6555 |
| September | 527.0287 | 521.8933 | 524.5801 |
| October | 524.6439 | 513.8039 | 517.8641 |
| November | 517.0288 | 505.1103 | 510.5553 |
| December | 508.6397 | 499.5954 | 503.1665 |