2024 LRD to UGX Historical Review

YEARLY HIGH

20.7054 UGX

YEARLY LOW

18.5233 UGX

YEARLY AVERAGE

19.6370 UGX

2024 LRD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the LRD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 20.7054. Conversely, the yearly low was recorded on September 22, dropping to 18.5233.

This high-to-low spread represents a total annual volatility of 2.1821 UGX. From a start-to-finish perspective, comparing the January average rate of 20.1123 to the December average rate of 20.2900, the exchange rate registered a net change of 0.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 20.7054 was down 15.68% compared to the 2023 peak of 24.5550, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 103,527 UGX

2023 Average 107,138 UGX

Yearly Trough Low 92,616 UGX

Transaction Impact: A difference of 10,910.71 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

20.4642

18.8408

JanuMarcMayJulySeptNove

LRD 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 19.8993, compared to 19.3748 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5244 points.

H1 Avg (Jan–Jun) 19.8993

H2 Avg (Jul–Dec) 19.3748

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.5591 UGX (High: 20.6164 / Low: 19.0573). On the other end, January was the most stable month, with a tight range of 0.1862 UGX (High: 20.2076 / Low: 20.0214).

November Spread (Volatile) ±1.5591

January Spread (Stable) ±0.1862

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.4176 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4176

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 20.3289) against the same month in 2023 (average: 23.5667), the exchange rate shifted by -3.2378 (-13.74%).

2024 Avg (February) 20.3289

2023 Avg (February) 23.5667

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.2076	20.0214	20.1123
February	20.7054	20.0426	20.3289
March	20.5061	20.1205	20.2365
April	20.3887	19.6477	19.8188
May	19.7590	19.3808	19.5667
June	19.6781	19.0697	19.3323
July	19.1273	18.9071	19.0072
August	19.1106	18.7401	19.0261
September	19.1188	18.5233	18.9760
October	19.1022	18.9155	19.0523
November	20.6164	19.0573	19.8973
December	20.5939	19.9950	20.2900