2024 KGS to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 KGS to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the KGS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on August 1, valuing the pair at 44.4095. Conversely, the yearly low was recorded on December 17, dropping to 41.8390.
This high-to-low spread represents a total annual volatility of 2.5705 UGX. From a start-to-finish perspective, comparing the January average rate of 42.6196 to the December average rate of 42.1572, the exchange rate registered a net change of -1.08% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 44.4095 was up 0.05% compared to the 2023 peak of 44.3877, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 KGS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
KGS 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 43.0562, compared to 43.1763 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1201 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 1.5410 UGX (High: 44.1752 / Low: 42.6343). On the other end, September was the most stable month, with a tight range of 0.3569 UGX (High: 44.1681 / Low: 43.8113).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.9717 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 43.6860) against the same month in 2023 (average: 41.7893), the exchange rate shifted by +1.8967 (+4.54%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 42.7923 | 42.3868 | 42.6196 |
| February | 44.1752 | 42.6343 | 43.3055 |
| March | 43.9724 | 43.2993 | 43.5255 |
| April | 43.4676 | 42.5494 | 42.8891 |
| May | 43.5559 | 42.4826 | 42.9181 |
| June | 43.7007 | 42.1600 | 43.0795 |
| July | 44.3878 | 42.8658 | 43.5686 |
| August | 44.4095 | 43.1877 | 43.6860 |
| September | 44.1681 | 43.8113 | 44.0055 |
| October | 43.5971 | 42.6454 | 43.0337 |
| November | 42.7488 | 42.2564 | 42.6067 |
| December | 42.4930 | 41.8390 | 42.1572 |