2024 HTG to UGX Historical Review

YEARLY HIGH

29.7653 UGX

YEARLY LOW

27.7610 UGX

YEARLY AVERAGE

28.4611 UGX

2024 HTG to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HTG to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 29.7653. Conversely, the yearly low was recorded on October 3, dropping to 27.7610.

This high-to-low spread represents a total annual volatility of 2.0043 UGX. From a start-to-finish perspective, comparing the January average rate of 28.8957 to the December average rate of 28.0062, the exchange rate registered a net change of -3.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 29.7653 was up 3.24% compared to the 2023 peak of 28.8303, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 148,827 UGX

2023 Average 131,946 UGX

Yearly Trough Low 138,805 UGX

Transaction Impact: A difference of 10,021.59 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

29.5421

27.6964

JanuMarcMayJulySeptNove

HTG 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 28.8750, compared to 28.0472 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8279 points.

H1 Avg (Jan–Jun) 28.8750

H2 Avg (Jul–Dec) 28.0472

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.9328 UGX (High: 29.7653 / Low: 28.8325). On the other end, October was the most stable month, with a tight range of 0.1420 UGX (High: 27.9030 / Low: 27.7610).

February Spread (Volatile) ±0.9328

October Spread (Stable) ±0.1420

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 0.5685 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5685

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 29.3163) against the same month in 2023 (average: 24.5499), the exchange rate shifted by +4.7664 (+19.42%).

2024 Avg (February) 29.3163

2023 Avg (February) 24.5499

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.0168	28.6643	28.8957
February	29.7653	28.8325	29.3163
March	29.6700	29.2316	29.3883
April	29.3245	28.6064	28.8198
May	28.7645	28.3078	28.5466
June	28.7647	27.9299	28.2835
July	28.3091	27.8573	28.0443
August	28.3424	28.1477	28.2496
September	28.2791	27.9559	28.1417
October	27.9030	27.7610	27.8502
November	28.2297	27.8095	27.9910
December	28.1638	27.8295	28.0062