2024 ISK to UGX Historical Review

YEARLY HIGH

28.8317 UGX

YEARLY LOW

26.0390 UGX

YEARLY AVERAGE

27.2310 UGX

2024 ISK to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 28.8317. Conversely, the yearly low was recorded on December 18, dropping to 26.0390.

This high-to-low spread represents a total annual volatility of 2.7927 UGX. From a start-to-finish perspective, comparing the January average rate of 27.7860 to the December average rate of 26.4187, the exchange rate registered a net change of -4.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 28.8317 was up 0.93% compared to the 2023 peak of 28.5655, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 144,158 UGX

2023 Average 135,126 UGX

Yearly Trough Low 130,195 UGX

Transaction Impact: A difference of 13,963.38 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

28.5815

26.2220

JanuMarcMayJulySeptNove

ISK 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 27.6426, compared to 26.8193 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8233 points.

H1 Avg (Jan–Jun) 27.6426

H2 Avg (Jul–Dec) 26.8193

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 1.2256 UGX (High: 27.8260 / Low: 26.6004). On the other end, July was the most stable month, with a tight range of 0.4577 UGX (High: 27.1262 / Low: 26.6686).

June Spread (Volatile) ±1.2256

July Spread (Stable) ±0.4577

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 1.1501 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.1501

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 28.3849) against the same month in 2023 (average: 26.7143), the exchange rate shifted by +1.6706 (+6.25%).

2024 Avg (March) 28.3849

2023 Avg (March) 26.7143

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.1453	27.4773	27.7860
February	28.6316	27.7591	28.1128
March	28.8317	27.8477	28.3849
April	27.8865	26.7872	27.2348
May	27.8233	26.9283	27.2869
June	27.8260	26.6004	27.0505
July	27.1262	26.6686	26.9022
August	27.2737	26.7638	27.0091
September	27.4076	26.8170	27.1040
October	27.1462	26.5007	26.8333
November	26.9684	26.3414	26.6485
December	26.7820	26.0390	26.4187