2024 MKD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MKD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MKD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 69.5725. Conversely, the yearly low was recorded on December 19, dropping to 61.4582.
This high-to-low spread represents a total annual volatility of 8.1143 UGX. From a start-to-finish perspective, comparing the January average rate of 67.4518 to the December average rate of 62.3822, the exchange rate registered a net change of -7.52% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 69.5725 was up 1.74% compared to the 2023 peak of 68.3825, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MKD 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 67.1218, compared to 64.9713 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1505 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 3.0985 UGX (High: 67.5920 / Low: 64.4934). On the other end, September was the most stable month, with a tight range of 0.8199 UGX (High: 67.3694 / Low: 66.5495).
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 March and April, when the average rate fell by 2.2404 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 67.8843) against the same month in 2023 (average: 64.0921), the exchange rate shifted by +3.7923 (+5.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 67.9912 | 67.0494 | 67.4518 |
| February | 69.5725 | 66.7851 | 67.8843 |
| March | 69.4365 | 68.0190 | 68.7603 |
| April | 67.8420 | 65.5620 | 66.5199 |
| May | 67.4187 | 65.7287 | 66.5148 |
| June | 67.5920 | 64.4934 | 65.5998 |
| July | 65.7916 | 64.6280 | 65.2962 |
| August | 67.5049 | 65.3618 | 66.5816 |
| September | 67.3694 | 66.5495 | 66.9770 |
| October | 66.3393 | 64.1842 | 65.0213 |
| November | 65.1871 | 62.5572 | 63.5698 |
| December | 63.3508 | 61.4582 | 62.3822 |