2024 FKP to UGX Historical Review

YEARLY HIGH

5022.7118 UGX

YEARLY LOW

4559.5387 UGX

YEARLY AVERAGE

4800.4640 UGX

2024 FKP to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FKP to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 5022.7118. Conversely, the yearly low was recorded on December 19, dropping to 4559.5387.

This high-to-low spread represents a total annual volatility of 463.1731 UGX. From a start-to-finish perspective, comparing the January average rate of 4834.1604 to the December average rate of 4629.0114, the exchange rate registered a net change of -4.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 5022.7118 was up 3.84% compared to the 2023 peak of 4836.9692, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 25,113,559 UGX

2023 Average 23,158,709 UGX

Yearly Trough Low 22,797,694 UGX

Transaction Impact: A difference of 2,315,865.59 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

4980.7430

4597.0358

JanuMarcMayJulySeptNove

FKP 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 4834.3481, compared to 4766.5799 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 67.7681 points.

H1 Avg (Jan–Jun) 4834.3481

H2 Avg (Jul–Dec) 4766.5799

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 213.3959 UGX (High: 5010.9099 / Low: 4797.5141). On the other end, January was the most stable month, with a tight range of 72.9401 UGX (High: 4855.9130 / Low: 4782.9729).

February Spread (Volatile) ±213.3959

January Spread (Stable) ±72.9401

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 170.1483 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -170.1483

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 4948.7674) against the same month in 2023 (average: 4536.6052), the exchange rate shifted by +412.1622 (+9.09%).

2024 Avg (March) 4948.7674

2023 Avg (March) 4536.6052

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4855.9130	4782.9729	4834.1604
February	5010.9099	4797.5141	4891.0627
March	5022.7118	4893.1241	4948.7674
April	4892.6970	4702.7971	4778.6191
May	4869.8861	4706.7753	4785.8854
June	4885.8487	4688.0464	4767.5933
July	4810.6901	4693.6523	4767.9703
August	4919.4729	4720.9726	4816.9446
September	4969.0752	4848.4276	4906.0780
October	4869.6115	4719.1828	4789.4211
November	4790.0615	4628.7981	4690.0542
December	4685.2078	4559.5387	4629.0114