2024 MAD to UGX Historical Review

YEARLY HIGH

393.2086 UGX

YEARLY LOW

362.9790 UGX

YEARLY AVERAGE

378.0018 UGX

2024 MAD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 393.2086. Conversely, the yearly low was recorded on December 26, dropping to 362.9790.

This high-to-low spread represents a total annual volatility of 30.2295 UGX. From a start-to-finish perspective, comparing the January average rate of 382.2499 to the December average rate of 365.7860, the exchange rate registered a net change of -4.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 393.2086 was up 2.61% compared to the 2023 peak of 383.1952, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,966,043 UGX

2023 Average 1,839,728 UGX

Yearly Trough Low 1,814,895 UGX

Transaction Impact: A difference of 151,147.73 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

389.4868

363.6314

JanuMarcMayJulySeptNove

MAD 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 381.5143, compared to 374.4893 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.0250 points.

H1 Avg (Jan–Jun) 381.5143

H2 Avg (Jul–Dec) 374.4893

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 14.5418 UGX (High: 384.1850 / Low: 369.6433). On the other end, September was the most stable month, with a tight range of 3.4291 UGX (High: 383.1604 / Low: 379.7312).

June Spread (Volatile) ±14.5418

September Spread (Stable) ±3.4291

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 8.9032 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -8.9032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 384.9911) against the same month in 2023 (average: 357.9282), the exchange rate shifted by +27.0629 (+7.56%).

2024 Avg (February) 384.9911

2023 Avg (February) 357.9282

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	387.3789	380.5669	382.2499
February	393.2086	379.7449	384.9911
March	390.7605	382.7336	387.3322
April	385.2954	375.4752	378.4290
May	384.8203	374.4449	379.1307
June	384.1850	369.6433	376.9531
July	379.9343	370.8264	375.7729
August	388.4039	375.5076	381.4924
September	383.1604	379.7312	381.5334
October	376.4655	369.2400	372.7768
November	374.1608	365.4449	369.5745
December	369.3016	362.9790	365.7860