2024 EGP to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 EGP to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the EGP to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 127.6785. Conversely, the yearly low was recorded on December 18, dropping to 71.5558.
This high-to-low spread represents a total annual volatility of 56.1227 UGX. From a start-to-finish perspective, comparing the January average rate of 123.1487 to the December average rate of 72.4612, the exchange rate registered a net change of -41.16% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 127.6785 was down 15.32% compared to the 2023 peak of 150.7756, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
EGP 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 95.9548, compared to 75.3551 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 20.5997 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 48.6029 UGX (High: 127.3863 / Low: 78.7834). On the other end, September was the most stable month, with a tight range of 0.9598 UGX (High: 76.9330 / Low: 75.9733).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 36.6316 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 125.2755) against the same month in 2023 (average: 120.9896), the exchange rate shifted by +4.2859 (+3.54%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 123.7684 | 122.1525 | 123.1487 |
| February | 127.6785 | 123.2388 | 125.2755 |
| March | 127.3863 | 78.7834 | 88.6438 |
| April | 82.2823 | 78.5900 | 79.9050 |
| May | 81.5120 | 78.6204 | 80.1061 |
| June | 80.9800 | 76.6042 | 78.6499 |
| July | 77.4293 | 76.3494 | 76.9031 |
| August | 76.6422 | 75.5147 | 76.0850 |
| September | 76.9330 | 75.9733 | 76.6002 |
| October | 76.2269 | 74.7486 | 75.5682 |
| November | 75.0535 | 73.9219 | 74.5131 |
| December | 74.1847 | 71.5558 | 72.4612 |