2024 MGA to UGX Historical Review

YEARLY HIGH

0.8904 UGX

YEARLY LOW

0.7709 UGX

YEARLY AVERAGE

0.8288 UGX

2024 MGA to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on April 2, valuing the pair at 0.8904. Conversely, the yearly low was recorded on December 15, dropping to 0.7709.

This high-to-low spread represents a total annual volatility of 0.1196 UGX. From a start-to-finish perspective, comparing the January average rate of 0.8335 to the December average rate of 0.7796, the exchange rate registered a net change of -6.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8904 was up 1.50% compared to the 2023 peak of 0.8773, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,452 UGX

2023 Average 4,185 UGX

Yearly Trough Low 3,854 UGX

Transaction Impact: A difference of 597.85 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8811

0.7704

JanuMarcMayJulySeptNove

MGA 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 0.8535, compared to 0.8041 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0494 points.

H1 Avg (Jan–Jun) 0.8535

H2 Avg (Jul–Dec) 0.8041

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 0.0344 UGX (High: 0.8904 / Low: 0.8560). On the other end, September was the most stable month, with a tight range of 0.0099 UGX (High: 0.8215 / Low: 0.8116).

April Spread (Volatile) ±0.0344

September Spread (Stable) ±0.0099

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 September and October, when the average rate fell by 0.0172 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0172

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.8690) against the same month in 2023 (average: 0.8550), the exchange rate shifted by +0.0140 (+1.63%).

2024 Avg (April) 0.8690

2023 Avg (April) 0.8550

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8430	0.8203	0.8335
February	0.8701	0.8388	0.8529
March	0.8901	0.8620	0.8719
April	0.8904	0.8560	0.8690
May	0.8625	0.8460	0.8544
June	0.8573	0.8272	0.8390
July	0.8307	0.8149	0.8224
August	0.8241	0.8086	0.8149
September	0.8215	0.8116	0.8169
October	0.8073	0.7934	0.7997
November	0.7978	0.7844	0.7910
December	0.7866	0.7709	0.7796