2024 NPR to UGX Historical Review

YEARLY HIGH

29.7972 UGX

YEARLY LOW

26.7717 UGX

YEARLY AVERAGE

28.0726 UGX

2024 NPR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NPR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 29.7972. Conversely, the yearly low was recorded on December 18, dropping to 26.7717.

This high-to-low spread represents a total annual volatility of 3.0255 UGX. From a start-to-finish perspective, comparing the January average rate of 28.6105 to the December average rate of 26.9622, the exchange rate registered a net change of -5.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 29.7972 was up 3.04% compared to the 2023 peak of 28.9185, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 148,986 UGX

2023 Average 140,967 UGX

Yearly Trough Low 133,859 UGX

Transaction Impact: A difference of 15,127.31 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

29.5688

26.7253

JanuMarcMayJulySeptNove

NPR 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 28.7057, compared to 27.4396 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2661 points.

H1 Avg (Jan–Jun) 28.7057

H2 Avg (Jul–Dec) 27.4396

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 1.2081 UGX (High: 29.7972 / Low: 28.5891). On the other end, October was the most stable month, with a tight range of 0.1548 UGX (High: 27.3726 / Low: 27.2179).

February Spread (Volatile) ±1.2081

October Spread (Stable) ±0.1548

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 0.6879 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6879

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 29.1553) against the same month in 2023 (average: 27.8998), the exchange rate shifted by +1.2555 (+4.50%).

2024 Avg (February) 29.1553

2023 Avg (February) 27.8998

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.7463	28.1837	28.6105
February	29.7972	28.5891	29.1553
March	29.6598	29.0814	29.3319
April	29.1512	28.4883	28.6439
May	28.7232	28.0877	28.3964
June	28.6918	27.7213	28.0960
July	27.9013	27.5731	27.7075
August	27.8743	27.6414	27.7426
September	27.7833	27.5746	27.6719
October	27.3726	27.2179	27.2914
November	27.4710	27.1144	27.2621
December	27.2683	26.7717	26.9622