2024 GHS to UGX Historical Review

YEARLY HIGH

319.5855 UGX

YEARLY LOW

223.0935 UGX

YEARLY AVERAGE

262.4661 UGX

2024 GHS to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 319.5855. Conversely, the yearly low was recorded on November 8, dropping to 223.0935.

This high-to-low spread represents a total annual volatility of 96.4920 UGX. From a start-to-finish perspective, comparing the January average rate of 315.8330 to the December average rate of 247.8613, the exchange rate registered a net change of -21.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 319.5855 was down 28.29% compared to the 2023 peak of 445.6822, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,597,928 UGX

2023 Average 1,596,622 UGX

Yearly Trough Low 1,115,468 UGX

Transaction Impact: A difference of 482,459.92 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

324.4887

220.6200

JanuMarcMayJulySeptNove

GHS 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 288.0023, compared to 236.9299 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 51.0724 points.

H1 Avg (Jan–Jun) 288.0023

H2 Avg (Jul–Dec) 236.9299

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 20.8052 UGX (High: 278.0199 / Low: 257.2146). On the other end, August was the most stable month, with a tight range of 3.0361 UGX (High: 240.0448 / Low: 237.0087).

May Spread (Volatile) ±20.8052

August Spread (Stable) ±3.0361

Growth Streaks & Declines

Trends

Between October and December, 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 April and May, when the average rate fell by 17.4955 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -17.4955

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 315.8330) against the same month in 2023 (average: 325.7392), the exchange rate shifted by -9.9062 (-3.04%).

2024 Avg (January) 315.8330

2023 Avg (January) 325.7392

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	319.5855	308.7247	315.8330
February	315.4037	307.7246	310.7396
March	310.2205	293.3531	301.0961
April	293.3826	279.1741	284.1974
May	278.0199	257.2146	266.7019
June	258.2003	243.2640	249.4458
July	242.8104	238.6863	240.1392
August	240.0448	237.0087	238.4789
September	238.1761	233.8323	236.3411
October	232.1484	224.9167	229.2758
November	240.4080	223.0935	229.4833
December	250.2872	239.8492	247.8613