2024 GYD to UGX Historical Review

YEARLY HIGH

18.8868 UGX

YEARLY LOW

17.3985 UGX

YEARLY AVERAGE

17.9552 UGX

2024 GYD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GYD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 18.8868. Conversely, the yearly low was recorded on December 17, dropping to 17.3985.

This high-to-low spread represents a total annual volatility of 1.4883 UGX. From a start-to-finish perspective, comparing the January average rate of 18.1769 to the December average rate of 17.5202, the exchange rate registered a net change of -3.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 18.8868 was up 3.51% compared to the 2023 peak of 18.2460, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 94,434 UGX

2023 Average 88,603 UGX

Yearly Trough Low 86,992 UGX

Transaction Impact: A difference of 7,441.34 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

18.7108

17.4120

JanuMarcMayJulySeptNove

GYD 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 18.2619, compared to 17.6484 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6135 points.

H1 Avg (Jan–Jun) 18.2619

H2 Avg (Jul–Dec) 17.6484

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.6524 UGX (High: 18.8868 / Low: 18.2343). On the other end, October was the most stable month, with a tight range of 0.0673 UGX (High: 17.5746 / Low: 17.5073).

February Spread (Volatile) ±0.6524

October Spread (Stable) ±0.0673

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 0.3483 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3483

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 18.5004) against the same month in 2023 (average: 17.4714), the exchange rate shifted by +1.0290 (+5.89%).

2024 Avg (February) 18.5004

2023 Avg (February) 17.4714

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.2343	18.0507	18.1769
February	18.8868	18.2343	18.5004
March	18.8028	18.2005	18.6025
April	18.5692	18.1124	18.2543
May	18.2715	17.9263	18.1041
June	18.2380	17.7108	17.9332
July	17.8595	17.6374	17.7137
August	17.8648	17.7407	17.7990
September	17.8228	17.6458	17.7356
October	17.5746	17.5073	17.5392
November	17.7097	17.4772	17.5830
December	17.6387	17.3985	17.5202