2024 MNT to UGX Historical Review

YEARLY HIGH

1.1451 UGX

YEARLY LOW

1.0693 UGX

YEARLY AVERAGE

1.0961 UGX

2024 MNT to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MNT to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 1.1451. Conversely, the yearly low was recorded on July 14, dropping to 1.0693.

This high-to-low spread represents a total annual volatility of 0.0758 UGX. From a start-to-finish perspective, comparing the January average rate of 1.1026 to the December average rate of 1.0782, the exchange rate registered a net change of -2.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.1451 was up 2.96% compared to the 2023 peak of 1.1122, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,725 UGX

2023 Average 5,379 UGX

Yearly Trough Low 5,346 UGX

Transaction Impact: A difference of 379.03 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.1338

1.0732

JanuMarcMayJulySeptNove

MNT 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 1.1077, compared to 1.0846 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0231 points.

H1 Avg (Jan–Jun) 1.1077

H2 Avg (Jul–Dec) 1.0846

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0413 UGX (High: 1.1451 / Low: 1.1038). On the other end, October was the most stable month, with a tight range of 0.0068 UGX (High: 1.0836 / Low: 1.0768).

February Spread (Volatile) ±0.0413

October Spread (Stable) ±0.0068

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 0.0216 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0216

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 1.1224) against the same month in 2023 (average: 1.0822), the exchange rate shifted by +0.0402 (+3.71%).

2024 Avg (February) 1.1224

2023 Avg (February) 1.0822

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1070	1.0945	1.1026
February	1.1451	1.1038	1.1224
March	1.1397	1.1234	1.1288
April	1.1265	1.0991	1.1072
May	1.1086	1.0870	1.0978
June	1.1058	1.0737	1.0875
July	1.0999	1.0693	1.0792
August	1.0996	1.0846	1.0949
September	1.0971	1.0857	1.0921
October	1.0836	1.0768	1.0804
November	1.0906	1.0757	1.0827
December	1.0855	1.0712	1.0782