2024 DOP to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 DOP to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the DOP to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 67.2013. Conversely, the yearly low was recorded on December 18, dropping to 59.8339.
This high-to-low spread represents a total annual volatility of 7.3674 UGX. From a start-to-finish perspective, comparing the January average rate of 64.9179 to the December average rate of 60.3654, the exchange rate registered a net change of -7.01% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 67.2013 was down 2.97% compared to the 2023 peak of 69.2573, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
DOP 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 64.9385, compared to 61.5135 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.4250 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 2.4378 UGX (High: 67.2013 / Low: 64.7635). On the other end, October was the most stable month, with a tight range of 0.3704 UGX (High: 61.0295 / Low: 60.6591).
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 May and June, when the average rate fell by 1.4503 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 65.9675) against the same month in 2023 (average: 65.6315), the exchange rate shifted by +0.3360 (+0.51%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 65.6189 | 64.4969 | 64.9179 |
| February | 67.2013 | 64.7635 | 65.9675 |
| March | 66.9854 | 65.4974 | 65.9970 |
| April | 65.5949 | 63.9200 | 64.6521 |
| May | 65.4676 | 64.2178 | 64.7735 |
| June | 64.4418 | 62.4981 | 63.3232 |
| July | 63.0405 | 62.3387 | 62.6340 |
| August | 63.1656 | 62.0881 | 62.4237 |
| September | 62.4926 | 61.1305 | 61.8435 |
| October | 61.0295 | 60.6591 | 60.8518 |
| November | 61.3574 | 60.5553 | 60.9626 |
| December | 61.0895 | 59.8339 | 60.3654 |