2024 IRR to UGX Historical Review

YEARLY HIGH

0.0940 UGX

YEARLY LOW

0.0862 UGX

YEARLY AVERAGE

0.0893 UGX

2024 IRR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IRR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 0.0940. Conversely, the yearly low was recorded on December 17, dropping to 0.0862.

This high-to-low spread represents a total annual volatility of 0.0078 UGX. From a start-to-finish perspective, comparing the January average rate of 0.0905 to the December average rate of 0.0869, the exchange rate registered a net change of -3.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0940 was up 3.64% compared to the 2023 peak of 0.0907, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 470 UGX

2023 Average 441 UGX

Yearly Trough Low 431 UGX

Transaction Impact: A difference of 39.20 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0932

0.0863

JanuMarcMayJulySeptNove

IRR 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 0.0908, compared to 0.0877 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0032 points.

H1 Avg (Jan–Jun) 0.0908

H2 Avg (Jul–Dec) 0.0877

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0034 UGX (High: 0.0940 / Low: 0.0906). On the other end, October was the most stable month, with a tight range of 0.0005 UGX (High: 0.0875 / Low: 0.0869).

February Spread (Volatile) ±0.0034

October Spread (Stable) ±0.0005

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 0.0018 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0921) against the same month in 2023 (average: 0.0873), the exchange rate shifted by +0.0048 (+5.47%).

2024 Avg (February) 0.0921

2023 Avg (February) 0.0873

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0908	0.0898	0.0905
February	0.0940	0.0906	0.0921
March	0.0935	0.0922	0.0926
April	0.0925	0.0901	0.0908
May	0.0909	0.0892	0.0900
June	0.0906	0.0877	0.0891
July	0.0888	0.0874	0.0880
August	0.0888	0.0876	0.0884
September	0.0886	0.0875	0.0881
October	0.0875	0.0869	0.0872
November	0.0881	0.0868	0.0874
December	0.0876	0.0862	0.0869