2024 NZD to UGX Historical Review

YEARLY HIGH

2436.1689 UGX

YEARLY LOW

2044.4699 UGX

YEARLY AVERAGE

2273.2470 UGX

2024 NZD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NZD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 2436.1689. Conversely, the yearly low was recorded on December 18, dropping to 2044.4699.

This high-to-low spread represents a total annual volatility of 391.6990 UGX. From a start-to-finish perspective, comparing the January average rate of 2348.6937 to the December average rate of 2102.4737, the exchange rate registered a net change of -10.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2436.1689 was up 1.47% compared to the 2023 peak of 2400.7586, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,180,845 UGX

2023 Average 11,434,363 UGX

Yearly Trough Low 10,222,349 UGX

Transaction Impact: A difference of 1,958,495.17 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2400.0625

2075.4202

JanuMarcMayJulySeptNove

NZD 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 2327.0613, compared to 2219.4327 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 107.6287 points.

H1 Avg (Jan–Jun) 2327.0613

H2 Avg (Jul–Dec) 2219.4327

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 138.0098 UGX (High: 2333.3917 / Low: 2195.3819). On the other end, November was the most stable month, with a tight range of 64.0190 UGX (High: 2209.6026 / Low: 2145.5835).

August Spread (Volatile) ±138.0098

November Spread (Stable) ±64.0190

Growth Streaks & Declines

Trends

Between April and June, 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 91.8269 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -91.8269

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2373.0090) against the same month in 2023 (average: 2315.5172), the exchange rate shifted by +57.4917 (+2.48%).

2024 Avg (February) 2373.0090

2023 Avg (February) 2315.5172

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2393.5427	2314.8777	2348.6937
February	2436.1689	2315.1323	2373.0090
March	2412.1559	2316.8685	2365.9809
April	2325.8137	2238.6668	2274.1540
May	2343.6602	2257.8138	2299.0510
June	2361.9587	2258.0462	2301.4794
July	2275.2426	2189.5260	2235.0085
August	2333.3917	2195.3819	2264.4088
September	2350.8373	2280.3670	2310.5983
October	2302.2101	2184.7084	2230.7705
November	2209.6026	2145.5835	2173.3362
December	2175.5367	2044.4699	2102.4737