2024 ILS to UGX Historical Review

YEARLY HIGH

1102.6177 UGX

YEARLY LOW

963.5567 UGX

YEARLY AVERAGE

1015.3638 UGX

2024 ILS to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ILS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 1, valuing the pair at 1102.6177. Conversely, the yearly low was recorded on October 3, dropping to 963.5567.

This high-to-low spread represents a total annual volatility of 139.0610 UGX. From a start-to-finish perspective, comparing the January average rate of 1025.8773 to the December average rate of 1011.2316, the exchange rate registered a net change of -1.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1102.6177 was up 0.92% compared to the 2023 peak of 1092.6132, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,513,089 UGX

2023 Average 5,057,655 UGX

Yearly Trough Low 4,817,783 UGX

Transaction Impact: A difference of 695,305.22 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1081.8588

965.3289

JanuMarcMayJulySeptNove

ILS 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 1034.2249, compared to 996.5026 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 37.7223 points.

H1 Avg (Jan–Jun) 1034.2249

H2 Avg (Jul–Dec) 996.5026

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 61.5719 UGX (High: 1099.9685 / Low: 1038.3967). On the other end, October was the most stable month, with a tight range of 27.3863 UGX (High: 990.9429 / Low: 963.5567).

February Spread (Volatile) ±61.5719

October Spread (Stable) ±27.3863

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 55.8041 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -55.8041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 1072.1480) against the same month in 2023 (average: 1033.7058), the exchange rate shifted by +38.4422 (+3.72%).

2024 Avg (March) 1072.1480

2023 Avg (March) 1033.7058

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1052.2080	1005.0855	1025.8773
February	1099.9685	1038.3967	1062.7081
March	1102.6177	1051.2234	1072.1480
April	1056.7656	996.5738	1016.3439
May	1041.0979	1007.7365	1023.1512
June	1039.7724	984.6458	1005.1210
July	1023.9401	980.4249	1008.8506
August	1025.9786	971.5319	999.9604
September	1025.1817	976.6973	994.8819
October	990.9429	963.5567	975.0398
November	1017.8431	974.4512	989.0513
December	1029.1567	996.1408	1011.2316