2024 NIO to UGX Historical Review

YEARLY HIGH

107.4161 UGX

YEARLY LOW

98.9119 UGX

YEARLY AVERAGE

102.1341 UGX

2024 NIO to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NIO to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 107.4161. Conversely, the yearly low was recorded on December 17, dropping to 98.9119.

This high-to-low spread represents a total annual volatility of 8.5042 UGX. From a start-to-finish perspective, comparing the January average rate of 103.7928 to the December average rate of 99.5991, the exchange rate registered a net change of -4.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 107.4161 was up 2.98% compared to the 2023 peak of 104.3087, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 537,080 UGX

2023 Average 509,351 UGX

Yearly Trough Low 494,559 UGX

Transaction Impact: A difference of 42,521.11 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

106.5096

98.9709

JanuMarcMayJulySeptNove

NIO 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 103.9448, compared to 100.3234 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.6214 points.

H1 Avg (Jan–Jun) 103.9448

H2 Avg (Jul–Dec) 100.3234

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 3.8227 UGX (High: 107.4161 / Low: 103.5934). On the other end, October was the most stable month, with a tight range of 0.4886 UGX (High: 99.9433 / Low: 99.4547).

February Spread (Volatile) ±3.8227

October Spread (Stable) ±0.4886

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 2.1075 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.1075

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 105.2850) against the same month in 2023 (average: 101.0338), the exchange rate shifted by +4.2513 (+4.21%).

2024 Avg (February) 105.2850

2023 Avg (February) 101.0338

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	104.1672	102.8335	103.7928
February	107.4161	103.5934	105.2850
March	106.9072	105.3547	105.8814
April	105.6421	102.8703	103.7738
May	103.9472	101.9623	102.9731
June	103.7988	100.6597	101.9628
July	101.5282	100.2488	100.6722
August	101.5341	100.7729	101.1289
September	101.3059	100.2579	100.8330
October	99.9433	99.4547	99.7163
November	100.8157	99.4471	99.9908
December	100.2939	98.9119	99.5991