2024 EUR to UGX Historical Review

YEARLY HIGH

4286.4799 UGX

YEARLY LOW

3767.6984 UGX

YEARLY AVERAGE

4065.5482 UGX

2024 EUR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EUR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 4286.4799. Conversely, the yearly low was recorded on December 18, dropping to 3767.6984.

This high-to-low spread represents a total annual volatility of 518.7816 UGX. From a start-to-finish perspective, comparing the January average rate of 4150.2294 to the December average rate of 3836.8102, 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 4286.4799 was up 2.21% compared to the 2023 peak of 4193.6963, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 21,432,400 UGX

2023 Average 20,151,294 UGX

Yearly Trough Low 18,838,492 UGX

Transaction Impact: A difference of 2,593,907.88 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

4273.2345

3797.1353

JanuMarcMayJulySeptNove

EUR 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 4132.1191, compared to 3998.9774 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 133.1417 points.

H1 Avg (Jan–Jun) 4132.1191

H2 Avg (Jul–Dec) 3998.9774

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 191.7769 UGX (High: 4160.1399 / Low: 3968.3630). On the other end, September was the most stable month, with a tight range of 59.0842 UGX (High: 4153.4327 / Low: 4094.3485).

June Spread (Volatile) ±191.7769

September Spread (Stable) ±59.0842

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 138.0158 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -138.0158

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 4179.8882) against the same month in 2023 (average: 3945.8284), the exchange rate shifted by +234.0598 (+5.93%).

2024 Avg (February) 4179.8882

2023 Avg (February) 3945.8284

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4183.6370	4114.4364	4150.2294
February	4286.4799	4111.4040	4179.8882
March	4274.8544	4185.7514	4233.5596
April	4191.4321	4037.0142	4095.5438
May	4141.8781	4047.4836	4095.3932
June	4160.1399	3968.3630	4038.1002
July	4055.6421	3976.2098	4021.3186
August	4163.2446	4025.2295	4101.7391
September	4153.4327	4094.3485	4123.0415
October	4055.8490	3950.2414	4000.8214
November	4015.5824	3848.4370	3910.1334
December	3887.0328	3767.6984	3836.8102