2024 LSL to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 LSL to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the LSL to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 215.0507. Conversely, the yearly low was recorded on December 31, dropping to 195.0627.
This high-to-low spread represents a total annual volatility of 19.9879 UGX. From a start-to-finish perspective, comparing the January average rate of 202.4312 to the December average rate of 201.0745, the exchange rate registered a net change of -0.67% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 215.0507 was down 2.65% compared to the 2023 peak of 220.8988, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LSL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
LSL 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 204.1504, compared to 205.8972 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7468 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 12.1731 UGX (High: 207.2358 / Low: 195.0627). On the other end, February was the most stable month, with a tight range of 4.3046 UGX (High: 205.7512 / Low: 201.4467).
Growth Streaks & Declines
TrendsBetween 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 November and December, when the average rate fell by 4.1418 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 210.7117) against the same month in 2023 (average: 197.2112), the exchange rate shifted by +13.5005 (+6.85%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 204.6793 | 198.7918 | 202.4312 |
| February | 205.7512 | 201.4467 | 204.0273 |
| March | 209.5960 | 204.1851 | 206.4893 |
| April | 207.6418 | 198.3075 | 202.4499 |
| May | 210.3875 | 203.4836 | 205.8742 |
| June | 209.2227 | 199.9771 | 203.6304 |
| July | 205.9596 | 200.0062 | 203.1904 |
| August | 210.7015 | 200.7910 | 206.3427 |
| September | 215.0507 | 207.2917 | 210.7117 |
| October | 211.9785 | 206.3793 | 208.8476 |
| November | 210.7088 | 201.5678 | 205.2164 |
| December | 207.2358 | 195.0627 | 201.0745 |