2024 IQD to UGX Historical Review

YEARLY HIGH

3.0161 UGX

YEARLY LOW

2.7786 UGX

YEARLY AVERAGE

2.8683 UGX

2024 IQD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IQD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 3.0161. Conversely, the yearly low was recorded on December 17, dropping to 2.7786.

This high-to-low spread represents a total annual volatility of 0.2375 UGX. From a start-to-finish perspective, comparing the January average rate of 2.9044 to the December average rate of 2.7977, the exchange rate registered a net change of -3.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.0161 was up 3.43% compared to the 2023 peak of 2.9159, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,080 UGX

2023 Average 13,740 UGX

Yearly Trough Low 13,893 UGX

Transaction Impact: A difference of 1,187.31 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.9922

2.7801

JanuMarcMayJulySeptNove

IQD 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 2.9179, compared to 2.8186 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0993 points.

H1 Avg (Jan–Jun) 2.9179

H2 Avg (Jul–Dec) 2.8186

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.1091 UGX (High: 3.0161 / Low: 2.9069). On the other end, October was the most stable month, with a tight range of 0.0141 UGX (High: 2.8082 / Low: 2.7941).

February Spread (Volatile) ±0.1091

October Spread (Stable) ±0.0141

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 0.0577 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0577

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.9553) against the same month in 2023 (average: 2.5257), the exchange rate shifted by +0.4297 (+17.01%).

2024 Avg (February) 2.9553

2023 Avg (February) 2.5257

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9130	2.8878	2.9044
February	3.0161	2.9069	2.9553
March	3.0016	2.9584	2.9745
April	2.9674	2.8955	2.9168
May	2.9197	2.8648	2.8924
June	2.9139	2.8282	2.8639
July	2.8527	2.8167	2.8291
August	2.8682	2.8314	2.8448
September	2.8462	2.8048	2.8322
October	2.8082	2.7941	2.8010
November	2.8279	2.7891	2.8070
December	2.8163	2.7786	2.7977