2024 MVR to UGX Historical Review

YEARLY HIGH

262.9305 UGX

YEARLY LOW

236.3630 UGX

YEARLY AVERAGE

243.8979 UGX

2024 MVR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 262.9305. Conversely, the yearly low was recorded on December 17, dropping to 236.3630.

This high-to-low spread represents a total annual volatility of 26.5675 UGX. From a start-to-finish perspective, comparing the January average rate of 246.9912 to the December average rate of 237.7786, the exchange rate registered a net change of -3.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 262.9305 was up 5.72% compared to the 2023 peak of 248.7134, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,314,653 UGX

2023 Average 1,211,273 UGX

Yearly Trough Low 1,181,815 UGX

Transaction Impact: A difference of 132,837.38 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

253.7718

236.3246

JanuMarcMayJulySeptNove

MVR 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 247.8864, compared to 239.9094 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.9770 points.

H1 Avg (Jan–Jun) 247.8864

H2 Avg (Jul–Dec) 239.9094

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 20.3571 UGX (High: 262.9305 / Low: 242.5734). On the other end, October was the most stable month, with a tight range of 1.5138 UGX (High: 239.8836 / Low: 238.3698).

May Spread (Volatile) ±20.3571

October Spread (Stable) ±1.5138

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 5.1358 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -5.1358

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 245.5886) against the same month in 2023 (average: 242.8467), the exchange rate shifted by +2.7419 (+1.13%).

2024 Avg (May) 245.5886

2023 Avg (May) 242.8467

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	247.9913	245.1977	246.9912
February	256.5319	247.2787	251.5243
March	255.3276	249.5416	252.3179
April	251.5424	245.5110	247.1821
May	262.9305	242.5734	245.5886
June	247.7354	240.4858	243.7140
July	243.4820	238.7741	240.6400
August	243.1094	240.1056	241.9214
September	242.8657	240.2520	241.6744
October	239.8836	238.3698	239.1083
November	239.8696	236.5047	238.3336
December	238.9239	236.3630	237.7786