2024 GNF to UGX Historical Review

YEARLY HIGH

0.4597 UGX

YEARLY LOW

0.4213 UGX

YEARLY AVERAGE

0.4362 UGX

2024 GNF to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GNF to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 0.4597. Conversely, the yearly low was recorded on December 18, dropping to 0.4213.

This high-to-low spread represents a total annual volatility of 0.0384 UGX. From a start-to-finish perspective, comparing the January average rate of 0.4426 to the December average rate of 0.4245, the exchange rate registered a net change of -4.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4597 was up 3.52% compared to the 2023 peak of 0.4441, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,299 UGX

2023 Average 2,160 UGX

Yearly Trough Low 2,107 UGX

Transaction Impact: A difference of 192.03 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4560

0.4216

JanuMarcMayJulySeptNove

GNF 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 0.4445, compared to 0.4279 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0166 points.

H1 Avg (Jan–Jun) 0.4445

H2 Avg (Jul–Dec) 0.4279

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0187 UGX (High: 0.4597 / Low: 0.4410). On the other end, August was the most stable month, with a tight range of 0.0033 UGX (High: 0.4334 / Low: 0.4302).

February Spread (Volatile) ±0.0187

August Spread (Stable) ±0.0033

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 0.0086 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0086

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.4501) against the same month in 2023 (average: 0.4265), the exchange rate shifted by +0.0236 (+5.54%).

2024 Avg (February) 0.4501

2023 Avg (February) 0.4265

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4447	0.4393	0.4426
February	0.4597	0.4410	0.4501
March	0.4572	0.4508	0.4532
April	0.4523	0.4414	0.4446
May	0.4449	0.4362	0.4407
June	0.4439	0.4306	0.4360
July	0.4336	0.4272	0.4303
August	0.4334	0.4302	0.4317
September	0.4317	0.4274	0.4295
October	0.4259	0.4225	0.4250
November	0.4294	0.4243	0.4264
December	0.4279	0.4213	0.4245