2024 HKD to UGX Historical Review

YEARLY HIGH

504.8963 UGX

YEARLY LOW

468.1619 UGX

YEARLY AVERAGE

481.4220 UGX

2024 HKD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HKD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 504.8963. Conversely, the yearly low was recorded on December 15, dropping to 468.1619.

This high-to-low spread represents a total annual volatility of 36.7344 UGX. From a start-to-finish perspective, comparing the January average rate of 486.6571 to the December average rate of 471.3081, the exchange rate registered a net change of -3.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 504.8963 was up 3.29% compared to the 2023 peak of 488.8003, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 12,622,407 UGX

2023 Average 11,890,559 UGX

Yearly Trough Low 11,704,048 UGX

Transaction Impact: A difference of 918,359.35 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

500.4105

468.6624

JanuMarcMayJulySeptNove

HKD 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 488.7495, compared to 474.0945 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 14.6550 points.

H1 Avg (Jan–Jun) 488.7495

H2 Avg (Jul–Dec) 474.0945

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 17.9436 UGX (High: 504.8963 / Low: 486.9527). On the other end, October was the most stable month, with a tight range of 3.4426 UGX (High: 474.1140 / Low: 470.6714).

February Spread (Volatile) ±17.9436

October Spread (Stable) ±3.4426

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 9.9843 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -9.9843

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 495.0543) against the same month in 2023 (average: 469.8531), the exchange rate shifted by +25.2013 (+5.36%).

2024 Avg (February) 495.0543

2023 Avg (February) 469.8531

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	488.3795	483.3987	486.6571
February	504.8963	486.9527	495.0543
March	502.2507	495.4370	497.7649
April	496.6261	483.8185	487.7805
May	489.7952	480.3898	484.8580
June	488.4016	474.2585	480.3820
July	478.7519	472.1352	474.3782
August	479.2301	472.7625	477.1889
September	478.0484	474.2996	476.3110
October	474.1140	470.6714	472.5228
November	476.1764	469.6032	472.8580
December	473.9878	468.1619	471.3081