2024 FJD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 FJD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the FJD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 1758.7547. Conversely, the yearly low was recorded on December 18, dropping to 1565.6325.
This high-to-low spread represents a total annual volatility of 193.1221 UGX. From a start-to-finish perspective, comparing the January average rate of 1703.2662 to the December average rate of 1588.0696, the exchange rate registered a net change of -6.76% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1758.7547 was up 1.75% compared to the 2023 peak of 1728.4950, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FJD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
FJD 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 1697.9319, compared to 1642.4666 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 55.4653 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 65.9138 UGX (High: 1703.0085 / Low: 1637.0947). On the other end, September was the most stable month, with a tight range of 30.8478 UGX (High: 1693.8294 / Low: 1662.9816).
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 March and April, when the average rate fell by 44.1772 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 1721.5507) against the same month in 2023 (average: 1680.5015), the exchange rate shifted by +41.0492 (+2.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1727.0028 | 1681.5633 | 1703.2662 |
| February | 1758.7547 | 1697.9159 | 1721.5507 |
| March | 1753.5097 | 1706.1452 | 1729.6416 |
| April | 1721.9768 | 1662.1210 | 1685.4644 |
| May | 1703.0812 | 1656.8320 | 1678.7143 |
| June | 1703.0085 | 1637.0947 | 1668.9544 |
| July | 1665.7170 | 1632.8838 | 1651.0412 |
| August | 1692.2116 | 1634.3914 | 1667.9886 |
| September | 1693.8294 | 1662.9816 | 1680.8029 |
| October | 1673.0982 | 1607.3008 | 1643.7093 |
| November | 1644.4999 | 1606.5194 | 1623.1879 |
| December | 1626.9148 | 1565.6325 | 1588.0696 |