2024 NAD to UGX Historical Review

YEARLY HIGH

215.0507 UGX

YEARLY LOW

195.0627 UGX

YEARLY AVERAGE

205.0354 UGX

2024 NAD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NAD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 215.0507. Conversely, the yearly low was recorded on December 31, dropping to 195.0627.

This high-to-low spread represents a total annual volatility of 19.9879 UGX. From a start-to-finish perspective, comparing the January average rate of 202.5044 to the December average rate of 201.0748, the exchange rate registered a net change of -0.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 215.0507 was down 2.67% compared to the 2023 peak of 220.9483, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,075,253 UGX

2023 Average 1,007,455 UGX

Yearly Trough Low 975,314 UGX

Transaction Impact: A difference of 99,939.63 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

211.6375

200.1146

JanuMarcMayJulySeptNove

NAD 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 204.1741, compared to 205.8966 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7225 points.

H1 Avg (Jan–Jun) 204.1741

H2 Avg (Jul–Dec) 205.8966

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 12.1692 UGX (High: 207.2319 / Low: 195.0627). On the other end, February was the most stable month, with a tight range of 5.3675 UGX (High: 206.8142 / Low: 201.4467).

December Spread (Volatile) ±12.1692

February Spread (Stable) ±5.3675

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 4.3011 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -4.3011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 210.6773) against the same month in 2023 (average: 197.0651), the exchange rate shifted by +13.6122 (+6.91%).

2024 Avg (September) 210.6773

2023 Avg (September) 197.0651

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	204.6793	198.7918	202.5044
February	206.8142	201.4467	204.0791
March	209.5960	204.1851	206.5600
April	207.6418	198.3075	202.2589
May	210.3875	203.4836	206.0117
June	209.2227	200.0570	203.6306
July	205.6593	200.0095	203.1650
August	210.7015	200.7461	206.3513
September	215.0507	207.2917	210.6773
October	211.9766	206.5990	208.8968
November	210.7108	201.0665	205.2146
December	207.2319	195.0627	201.0748