2024 MUR to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MUR to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MUR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 92.0029. Conversely, the yearly low was recorded on November 14, dropping to 77.3659.
This high-to-low spread represents a total annual volatility of 14.6370 UGX. From a start-to-finish perspective, comparing the January average rate of 85.1588 to the December average rate of 78.2192, the exchange rate registered a net change of -8.15% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 92.0029 was up 6.29% compared to the 2023 peak of 86.5618, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MUR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MUR 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 83.2283, compared to 79.4789 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.7494 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 8.3696 UGX (High: 92.0029 / Low: 83.6333). On the other end, October was the most stable month, with a tight range of 1.0207 UGX (High: 79.8835 / Low: 78.8628).
Growth Streaks & Declines
TrendsBetween July and September, 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 2.6218 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 84.8503) against the same month in 2023 (average: 80.4485), the exchange rate shifted by +4.4018 (+5.47%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 86.0756 | 83.1179 | 85.1588 |
| February | 86.4454 | 82.4213 | 84.4552 |
| March | 92.0029 | 83.6333 | 84.8503 |
| April | 83.5318 | 79.6239 | 82.2285 |
| May | 82.9683 | 81.4032 | 82.1362 |
| June | 83.3216 | 78.5237 | 80.5409 |
| July | 80.0374 | 78.4017 | 79.2738 |
| August | 80.8790 | 78.9689 | 80.3151 |
| September | 81.2416 | 79.9483 | 80.6839 |
| October | 79.8835 | 78.8628 | 79.4075 |
| November | 79.9040 | 77.3659 | 78.9737 |
| December | 79.2985 | 77.3698 | 78.2192 |