2024 MYR to UGX Historical Review

YEARLY HIGH

896.2292 UGX

YEARLY LOW

782.3538 UGX

YEARLY AVERAGE

821.9258 UGX

2024 MYR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 896.2292. Conversely, the yearly low was recorded on July 3, dropping to 782.3538.

This high-to-low spread represents a total annual volatility of 113.8754 UGX. From a start-to-finish perspective, comparing the January average rate of 812.4585 to the December average rate of 821.3000, the exchange rate registered a net change of 1.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 896.2292 was up 2.63% compared to the 2023 peak of 873.2416, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 17,924,584 UGX

2023 Average 16,342,993 UGX

Yearly Trough Low 15,647,075 UGX

Transaction Impact: A difference of 2,277,508.86 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

879.5696

783.3746

JanuMarcMayJulySeptNove

MYR 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 808.5595, compared to 835.2921 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 26.7325 points.

H1 Avg (Jan–Jun) 808.5595

H2 Avg (Jul–Dec) 835.2921

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 47.4104 UGX (High: 864.1602 / Low: 816.7498). On the other end, March was the most stable month, with a tight range of 16.4341 UGX (High: 833.9243 / Low: 817.4902).

August Spread (Volatile) ±47.4104

March Spread (Stable) ±16.4341

Growth Streaks & Declines

Trends

Between 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 October and November, when the average rate fell by 24.4458 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -24.4458

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 871.5534) against the same month in 2023 (average: 798.7878), the exchange rate shifted by +72.7656 (+9.11%).

2024 Avg (September) 871.5534

2023 Avg (September) 798.7878

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	824.9586	805.1785	812.4585
February	827.0026	802.8965	812.3608
March	833.9243	817.4902	825.4161
April	821.7210	794.7501	801.6482
May	813.1884	794.6642	802.9505
June	813.2860	784.8661	796.5232
July	809.6037	782.3538	791.3908
August	864.1602	816.7498	842.9779
September	896.2292	851.0878	871.5534
October	880.1436	836.8155	854.4880
November	846.2118	816.2892	830.0422
December	830.3674	809.7763	821.3000