2024 JOD to UGX Historical Review

YEARLY HIGH

5571.2754 UGX

YEARLY LOW

5131.0834 UGX

YEARLY AVERAGE

5299.0568 UGX

2024 JOD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JOD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 5571.2754. Conversely, the yearly low was recorded on December 17, dropping to 5131.0834.

This high-to-low spread represents a total annual volatility of 440.1920 UGX. From a start-to-finish perspective, comparing the January average rate of 5362.0605 to the December average rate of 5165.8303, the exchange rate registered a net change of -3.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 5571.2754 was up 3.52% compared to the 2023 peak of 5381.6605, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 27,856,377 UGX

2023 Average 26,251,574 UGX

Yearly Trough Low 25,655,417 UGX

Transaction Impact: A difference of 2,200,959.81 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

5526.0573

5133.0824

JanuMarcMayJulySeptNove

JOD 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 5390.2660, compared to 5207.8476 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 182.4184 points.

H1 Avg (Jan–Jun) 5390.2660

H2 Avg (Jul–Dec) 5207.8476

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 201.7154 UGX (High: 5571.2754 / Low: 5369.5600). On the other end, October was the most stable month, with a tight range of 37.8954 UGX (High: 5197.1958 / Low: 5159.3004).

February Spread (Volatile) ±201.7154

October Spread (Stable) ±37.8954

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 104.1923 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -104.1923

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 5460.7036) against the same month in 2023 (average: 5196.7085), the exchange rate shifted by +263.9951 (+5.08%).

2024 Avg (February) 5460.7036

2023 Avg (February) 5196.7085

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	5383.5150	5322.8716	5362.0605
February	5571.2754	5369.5600	5460.7036
March	5545.9027	5467.2327	5493.3094
April	5482.1969	5349.8867	5389.1171
May	5395.4541	5290.1456	5342.9558
June	5382.5124	5225.2433	5293.4498
July	5273.6681	5205.2441	5227.4320
August	5272.4823	5200.5378	5249.8385
September	5260.3204	5206.8737	5236.6115
October	5197.1958	5159.3004	5179.7167
November	5224.1120	5154.6749	5187.6568
December	5201.4660	5131.0834	5165.8303