2024 KWD to UGX Historical Review

YEARLY HIGH

12838.2665 UGX

YEARLY LOW

11821.7258 UGX

YEARLY AVERAGE

12241.8789 UGX

2024 KWD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KWD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 12838.2665. Conversely, the yearly low was recorded on December 18, dropping to 11821.7258.

This high-to-low spread represents a total annual volatility of 1016.5407 UGX. From a start-to-finish perspective, comparing the January average rate of 12367.9765 to the December average rate of 11906.1864, the exchange rate registered a net change of -3.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 12838.2665 was up 3.85% compared to the 2023 peak of 12362.4592, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 64,191,333 UGX

2023 Average 60,583,400 UGX

Yearly Trough Low 59,108,629 UGX

Transaction Impact: A difference of 5,082,703.65 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

12743.2796

11830.0871

JanuMarcMayJulySeptNove

KWD 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 12431.5312, compared to 12052.2267 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 379.3045 points.

H1 Avg (Jan–Jun) 12431.5312

H2 Avg (Jul–Dec) 12052.2267

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 455.1137 UGX (High: 12838.2665 / Low: 12383.1529). On the other end, October was the most stable month, with a tight range of 92.9892 UGX (High: 12028.8953 / Low: 11935.9061).

February Spread (Volatile) ±455.1137

October Spread (Stable) ±92.9892

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 260.8283 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -260.8283

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 12579.8975) against the same month in 2023 (average: 12046.7376), the exchange rate shifted by +533.1599 (+4.43%).

2024 Avg (February) 12579.8975

2023 Avg (February) 12046.7376

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12410.1202	12278.3442	12367.9765
February	12838.2665	12383.1529	12579.8975
March	12774.6752	12607.0050	12667.1803
April	12609.9726	12315.2460	12406.3520
May	12458.4697	12203.0607	12329.4988
June	12444.1387	12078.3063	12238.2821
July	12220.0343	12047.2676	12113.4219
August	12210.5188	12075.6893	12176.5949
September	12202.6322	12081.8828	12158.4824
October	12028.8953	11935.9061	11982.0893
November	12042.1934	11887.3440	11976.5851
December	11997.7086	11821.7258	11906.1864