2024 LKR to UGX Historical Review

YEARLY HIGH

12.9597 UGX

YEARLY LOW

11.6708 UGX

YEARLY AVERAGE

12.4506 UGX

2024 LKR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the LKR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on April 2, valuing the pair at 12.9597. Conversely, the yearly low was recorded on January 1, dropping to 11.6708.

This high-to-low spread represents a total annual volatility of 1.2889 UGX. From a start-to-finish perspective, comparing the January average rate of 11.8504 to the December average rate of 12.5603, the exchange rate registered a net change of 5.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 12.9597 was up 0.57% compared to the 2023 peak of 12.8865, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 64,798 UGX

2023 Average 56,876 UGX

Yearly Trough Low 58,354 UGX

Transaction Impact: A difference of 6,444.71 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

12.8685

11.7579

JanuMarcMayJulySeptNove

LKR 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 12.4657, compared to 12.4354 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0304 points.

H1 Avg (Jan–Jun) 12.4657

H2 Avg (Jul–Dec) 12.4354

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.6370 UGX (High: 12.7089 / Low: 12.0719). On the other end, October was the most stable month, with a tight range of 0.1250 UGX (High: 12.5554 / Low: 12.4304).

February Spread (Volatile) ±0.6370

October Spread (Stable) ±0.1250

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 May and June, when the average rate fell by 0.3111 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 12.7759) against the same month in 2023 (average: 11.6262), the exchange rate shifted by +1.1497 (+9.89%).

2024 Avg (April) 12.7759

2023 Avg (April) 11.6262

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.0719	11.6708	11.8504
February	12.7089	12.0719	12.3984
March	12.9404	12.6335	12.7703
April	12.9597	12.6163	12.7759
May	12.7887	12.4693	12.6552
June	12.6581	12.1231	12.3441
July	12.3162	12.1009	12.2042
August	12.4931	12.3072	12.4028
September	12.4686	12.1425	12.3357
October	12.5554	12.4304	12.5073
November	12.7332	12.4828	12.6019
December	12.6970	12.4113	12.5603