2024 JPY to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 JPY to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the JPY to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 26.8624. Conversely, the yearly low was recorded on July 3, dropping to 22.8475.
This high-to-low spread represents a total annual volatility of 4.0148 UGX. From a start-to-finish perspective, comparing the January average rate of 26.0284 to the December average rate of 23.7948, the exchange rate registered a net change of -8.58% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 26.8624 was down 6.98% compared to the 2023 peak of 28.8793, indicating shifts in long-term support levels.
Comparing the value generated converting 500,000 JPY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
JPY to UGX Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 25.1286, compared to 24.5304 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5983 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 1.9867 UGX (High: 24.8342 / Low: 22.8475). On the other end, February was the most stable month, with a tight range of 0.5911 UGX (High: 26.2365 / Low: 25.6453).
Growth Streaks & Declines
TrendsBetween July and September, 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 September and October, when the average rate fell by 1.4481 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 26.0284) against the same month in 2023 (average: 28.3619), the exchange rate shifted by -2.3334 (-8.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 26.8624 | 25.6697 | 26.0284 |
| February | 26.2365 | 25.6453 | 25.8797 |
| March | 26.6168 | 25.6091 | 26.0062 |
| April | 25.6361 | 24.1134 | 24.8025 |
| May | 24.8153 | 23.9753 | 24.3202 |
| June | 24.5458 | 23.0310 | 23.7348 |
| July | 24.8342 | 22.8475 | 23.5247 |
| August | 25.7785 | 25.0097 | 25.4466 |
| September | 26.4121 | 25.3627 | 25.9425 |
| October | 25.4987 | 23.9149 | 24.4945 |
| November | 24.6593 | 23.4471 | 23.9790 |
| December | 24.6682 | 23.1421 | 23.7948 |