2024 KES to UGX Historical Review

YEARLY HIGH

29.9400 UGX

YEARLY LOW

23.3309 UGX

YEARLY AVERAGE

28.0004 UGX

2024 KES to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KES to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 29.9400. Conversely, the yearly low was recorded on January 25, dropping to 23.3309.

This high-to-low spread represents a total annual volatility of 6.6091 UGX. From a start-to-finish perspective, comparing the January average rate of 23.8119 to the December average rate of 28.3316, the exchange rate registered a net change of 18.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 29.9400 was down 0.84% compared to the 2023 peak of 30.1949, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 149,700 UGX

2023 Average 133,674 UGX

Yearly Trough Low 116,654 UGX

Transaction Impact: A difference of 33,045.38 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

29.6248

23.2834

JanuMarcMayJulySeptNove

KES 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 27.4102, compared to 28.5906 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1803 points.

H1 Avg (Jan–Jun) 27.4102

H2 Avg (Jul–Dec) 28.5906

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 3.8122 UGX (High: 27.3053 / Low: 23.4931). On the other end, October was the most stable month, with a tight range of 0.1717 UGX (High: 28.5443 / Low: 28.3725).

February Spread (Volatile) ±3.8122

October Spread (Stable) ±0.1717

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.3268 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3268

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 29.0964) against the same month in 2023 (average: 27.8585), the exchange rate shifted by +1.2379 (+4.44%).

2024 Avg (April) 29.0964

2023 Avg (April) 27.8585

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	24.2665	23.3309	23.8119
February	27.3053	23.4931	25.4658
March	29.4534	26.7486	28.3489
April	29.9400	28.3514	29.0964
May	29.6538	28.0303	28.7945
June	29.2366	28.6085	28.9440
July	29.0988	28.0816	28.7113
August	28.9739	28.5707	28.8063
September	28.9300	28.5974	28.7795
October	28.5443	28.3725	28.4526
November	28.6649	28.2990	28.4621
December	28.4603	28.1629	28.3316