2024 CVE to UGX Historical Review

YEARLY HIGH

38.8249 UGX

YEARLY LOW

34.4168 UGX

YEARLY AVERAGE

36.8370 UGX

2024 CVE to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 38.8249. Conversely, the yearly low was recorded on December 19, dropping to 34.4168.

This high-to-low spread represents a total annual volatility of 4.4081 UGX. From a start-to-finish perspective, comparing the January average rate of 37.6121 to the December average rate of 34.8152, the exchange rate registered a net change of -7.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 38.8249 was up 2.25% compared to the 2023 peak of 37.9723, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 194,124 UGX

2023 Average 182,409 UGX

Yearly Trough Low 172,084 UGX

Transaction Impact: A difference of 22,040.42 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

38.7013

34.4619

JanuMarcMayJulySeptNove

CVE 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 37.4442, compared to 36.2299 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2144 points.

H1 Avg (Jan–Jun) 37.4442

H2 Avg (Jul–Dec) 36.2299

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 1.6304 UGX (High: 38.8249 / Low: 37.1945). On the other end, September was the most stable month, with a tight range of 0.4387 UGX (High: 37.6010 / Low: 37.1623).

February Spread (Volatile) ±1.6304

September Spread (Stable) ±0.4387

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 1.1624 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.1624

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 37.8615) against the same month in 2023 (average: 35.7735), the exchange rate shifted by +2.0880 (+5.84%).

2024 Avg (February) 37.8615

2023 Avg (February) 35.7735

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.9722	37.3685	37.6121
February	38.8249	37.1945	37.8615
March	38.7760	37.9170	38.3480
April	37.8617	36.6854	37.1857
May	37.6185	36.4994	37.0723
June	37.5504	35.9454	36.5858
July	36.7700	35.9469	36.4295
August	37.5369	36.3089	37.0891
September	37.6010	37.1623	37.3401
October	36.8655	35.8000	36.2453
November	36.3090	34.8755	35.4599
December	35.2999	34.4168	34.8152