2024 OMR to UGX Historical Review

YEARLY HIGH

10264.2623 UGX

YEARLY LOW

9454.7911 UGX

YEARLY AVERAGE

9759.5151 UGX

2024 OMR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the OMR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 10264.2623. Conversely, the yearly low was recorded on December 17, dropping to 9454.7911.

This high-to-low spread represents a total annual volatility of 809.4711 UGX. From a start-to-finish perspective, comparing the January average rate of 9882.3469 to the December average rate of 9517.9971, the exchange rate registered a net change of -3.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 10264.2623 was up 3.51% compared to the 2023 peak of 9916.2336, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 51,321,311 UGX

2023 Average 48,371,559 UGX

Yearly Trough Low 47,273,956 UGX

Transaction Impact: A difference of 4,047,355.71 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

10177.4970

9458.0425

JanuMarcMayJulySeptNove

OMR 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 9928.4363, compared to 9590.5939 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 337.8425 points.

H1 Avg (Jan–Jun) 9928.4363

H2 Avg (Jul–Dec) 9590.5939

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 371.8810 UGX (High: 10264.2623 / Low: 9892.3812). On the other end, October was the most stable month, with a tight range of 59.8333 UGX (High: 9563.3705 / Low: 9503.5372).

February Spread (Volatile) ±371.8810

October Spread (Stable) ±59.8333

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 194.3543 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -194.3543

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 10059.1792) against the same month in 2023 (average: 9580.0619), the exchange rate shifted by +479.1173 (+5.00%).

2024 Avg (February) 10059.1792

2023 Avg (February) 9580.0619

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9920.9135	9809.1834	9882.3469
February	10264.2623	9892.3812	10059.1792
March	10215.5451	10067.9852	10117.5424
April	10079.3365	9850.6292	9923.1882
May	9937.7401	9744.3829	9840.9327
June	9909.9814	9623.0833	9747.4286
July	9708.8439	9586.3196	9624.0413
August	9707.0391	9585.1915	9666.3256
September	9683.9437	9582.8712	9641.4892
October	9563.3705	9503.5372	9536.2628
November	9626.2602	9493.6781	9557.4473
December	9579.9805	9454.7911	9517.9971