2024 HUF to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 HUF to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the HUF to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 11.0419. Conversely, the yearly low was recorded on December 18, dropping to 9.1138.
This high-to-low spread represents a total annual volatility of 1.9282 UGX. From a start-to-finish perspective, comparing the January average rate of 10.8632 to the December average rate of 9.3127, the exchange rate registered a net change of -14.27% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 11.0419 was down 0.61% compared to the 2023 peak of 11.1099, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 HUF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
HUF to UGX Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 10.5983, compared to 9.9827 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6155 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 0.6962 UGX (High: 10.6564 / Low: 9.9602). On the other end, September was the most stable month, with a tight range of 0.2352 UGX (High: 10.5530 / Low: 10.3178).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.4893 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 10.8632) against the same month in 2023 (average: 10.0877), the exchange rate shifted by +0.7754 (+7.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 11.0419 | 10.6146 | 10.8632 |
| February | 11.0078 | 10.6130 | 10.7724 |
| March | 10.8365 | 10.5571 | 10.7148 |
| April | 10.7127 | 10.2505 | 10.4295 |
| May | 10.7772 | 10.4009 | 10.5721 |
| June | 10.6564 | 9.9602 | 10.2376 |
| July | 10.3590 | 10.0709 | 10.2458 |
| August | 10.5738 | 10.1234 | 10.3903 |
| September | 10.5530 | 10.3178 | 10.4432 |
| October | 10.1904 | 9.7468 | 9.9539 |
| November | 9.8260 | 9.3520 | 9.5507 |
| December | 9.4303 | 9.1138 | 9.3127 |