2024 DKK to UGX Historical Review

YEARLY HIGH

575.0497 UGX

YEARLY LOW

504.9896 UGX

YEARLY AVERAGE

544.9552 UGX

2024 DKK to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DKK to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 575.0497. Conversely, the yearly low was recorded on December 18, dropping to 504.9896.

This high-to-low spread represents a total annual volatility of 70.0600 UGX. From a start-to-finish perspective, comparing the January average rate of 556.4226 to the December average rate of 514.3862, the exchange rate registered a net change of -7.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 575.0497 was up 2.21% compared to the 2023 peak of 562.6271, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,875,248 UGX

2023 Average 2,702,757 UGX

Yearly Trough Low 2,524,948 UGX

Transaction Impact: A difference of 350,300.22 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

572.8323

509.0729

JanuMarcMayJulySeptNove

DKK 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 553.9386, compared to 535.9719 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 17.9667 points.

H1 Avg (Jan–Jun) 553.9386

H2 Avg (Jul–Dec) 535.9719

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 25.7739 UGX (High: 557.7724 / Low: 531.9985). On the other end, September was the most stable month, with a tight range of 7.6902 UGX (High: 556.3570 / Low: 548.6668).

June Spread (Volatile) ±25.7739

September Spread (Stable) ±7.6902

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 18.5593 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -18.5593

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 560.6223) against the same month in 2023 (average: 529.7171), the exchange rate shifted by +30.9052 (+5.83%).

2024 Avg (February) 560.6223

2023 Avg (February) 529.7171

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	561.1589	551.8895	556.4226
February	575.0497	551.3189	560.6223
March	573.2410	561.2175	567.5190
April	561.9361	540.9260	548.9598
May	555.1608	542.6495	548.8599
June	557.7724	531.9985	541.2479
July	543.3977	533.0990	538.8573
August	557.5623	539.4355	549.6119
September	556.3570	548.6668	552.5918
October	543.7305	529.5971	536.2893
November	538.4274	516.0480	524.0948
December	521.1982	504.9896	514.3862