2024 MZN to UGX Historical Review

YEARLY HIGH

61.9927 UGX

YEARLY LOW

57.0263 UGX

YEARLY AVERAGE

58.8027 UGX

2024 MZN to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 61.9927. Conversely, the yearly low was recorded on December 17, dropping to 57.0263.

This high-to-low spread represents a total annual volatility of 4.9663 UGX. From a start-to-finish perspective, comparing the January average rate of 59.6322 to the December average rate of 57.3733, the exchange rate registered a net change of -3.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 61.9927 was up 3.76% compared to the 2023 peak of 59.7457, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 309,963 UGX

2023 Average 291,502 UGX

Yearly Trough Low 285,132 UGX

Transaction Impact: A difference of 24,831.68 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

61.3033

57.0160

JanuMarcMayJulySeptNove

MZN 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 59.8181, compared to 57.7874 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.0307 points.

H1 Avg (Jan–Jun) 59.8181

H2 Avg (Jul–Dec) 57.7874

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 2.8996 UGX (High: 61.9927 / Low: 59.0930). On the other end, October was the most stable month, with a tight range of 0.3637 UGX (High: 57.6246 / Low: 57.2610).

January Spread (Volatile) ±2.8996

October Spread (Stable) ±0.3637

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 1.2273 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.2273

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 59.6322) against the same month in 2023 (average: 57.7885), the exchange rate shifted by +1.8437 (+3.19%).

2024 Avg (January) 59.6322

2023 Avg (January) 57.7885

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	61.9927	59.0930	59.6322
February	61.8488	59.6179	60.6150
March	61.5825	60.6292	60.9460
April	60.7714	59.1576	59.7187
May	59.8473	58.6837	59.2720
June	59.7120	57.9683	58.7247
July	58.4890	57.7293	57.9883
August	58.4759	57.6780	58.2334
September	58.3867	57.7545	58.1012
October	57.6246	57.2610	57.4623
November	57.9966	57.1792	57.5657
December	57.7208	57.0263	57.3733