2024 MXN to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 29, valuing the pair at 234.7580. Conversely, the yearly low was recorded on December 31, dropping to 176.3067.
This high-to-low spread represents a total annual volatility of 58.4513 UGX. From a start-to-finish perspective, comparing the January average rate of 223.0207 to the December average rate of 180.9078, the exchange rate registered a net change of -18.88% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 234.7580 was up 5.12% compared to the 2023 peak of 223.3244, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MXN 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 223.5041, compared to 189.4947 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 34.0094 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 24.3606 UGX (High: 224.1898 / Low: 199.8293). On the other end, March was the most stable month, with a tight range of 5.4681 UGX (High: 234.7580 / Low: 229.2899).
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 May and June, when the average rate fell by 19.0368 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 232.2477) against the same month in 2023 (average: 203.0807), the exchange rate shifted by +29.1670 (+14.36%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 226.1605 | 220.4323 | 223.0207 |
| February | 231.0841 | 222.8912 | 226.5715 |
| March | 234.7580 | 229.2899 | 232.2477 |
| April | 234.4409 | 221.4608 | 227.2860 |
| May | 229.4949 | 222.1467 | 225.4679 |
| June | 224.1898 | 199.8293 | 206.4311 |
| July | 209.9351 | 198.3024 | 204.6841 |
| August | 200.3460 | 187.5614 | 194.3213 |
| September | 194.5677 | 184.9646 | 189.3964 |
| October | 190.9623 | 181.8885 | 186.6240 |
| November | 185.2698 | 178.5001 | 181.0347 |
| December | 182.6522 | 176.3067 | 180.9078 |