2024 COP to UGX Historical Review

YEARLY HIGH

1.0227 UGX

YEARLY LOW

0.8163 UGX

YEARLY AVERAGE

0.9253 UGX

2024 COP to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the COP to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on April 5, valuing the pair at 1.0227. Conversely, the yearly low was recorded on November 15, dropping to 0.8163.

This high-to-low spread represents a total annual volatility of 0.2064 UGX. From a start-to-finish perspective, comparing the January average rate of 0.9705 to the December average rate of 0.8343, the exchange rate registered a net change of -14.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0227 was up 3.90% compared to the 2023 peak of 0.9843, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,113,566 UGX

2023 Average 4,330,476 UGX

Yearly Trough Low 4,081,510 UGX

Transaction Impact: A difference of 1,032,056.24 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0155

0.8178

JanuMarcMayJulySeptNove

COP 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 0.9751, compared to 0.8756 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0994 points.

H1 Avg (Jan–Jun) 0.9751

H2 Avg (Jul–Dec) 0.8756

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.1030 UGX (High: 0.9913 / Low: 0.8883). On the other end, March was the most stable month, with a tight range of 0.0182 UGX (High: 1.0083 / Low: 0.9901).

June Spread (Volatile) ±0.1030

March Spread (Stable) ±0.0182

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 May and June, when the average rate fell by 0.0538 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0538

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.9885) against the same month in 2023 (average: 0.8257), the exchange rate shifted by +0.1629 (+19.73%).

2024 Avg (April) 0.9885

2023 Avg (April) 0.8257

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9799	0.9585	0.9705
February	1.0019	0.9662	0.9858
March	1.0083	0.9901	0.9990
April	1.0227	0.9614	0.9885
May	0.9988	0.9650	0.9801
June	0.9913	0.8883	0.9263
July	0.9363	0.8974	0.9174
August	0.9310	0.8983	0.9174
September	0.9002	0.8658	0.8870
October	0.8860	0.8293	0.8625
November	0.8504	0.8163	0.8351
December	0.8470	0.8243	0.8343