2024 PEN to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PEN to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PEN to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 1059.5278. Conversely, the yearly low was recorded on July 2, dropping to 962.1855.
This high-to-low spread represents a total annual volatility of 97.3424 UGX. From a start-to-finish perspective, comparing the January average rate of 1019.5505 to the December average rate of 981.8110, the exchange rate registered a net change of -3.70% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1059.5278 was up 2.92% compared to the 2023 peak of 1029.5100, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
PEN to UGX Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1019.0510, compared to 983.1315 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 35.9195 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 54.8544 UGX (High: 1022.5756 / Low: 967.7212). On the other end, December was the most stable month, with a tight range of 11.9586 UGX (High: 986.0271 / Low: 974.0685).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 23.1174 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 1048.3237) against the same month in 2023 (average: 989.3622), the exchange rate shifted by +58.9615 (+5.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1031.4852 | 1000.1739 | 1019.5505 |
| February | 1040.2195 | 989.3725 | 1011.4366 |
| March | 1059.5278 | 1034.8255 | 1048.3237 |
| April | 1047.2657 | 1012.2894 | 1028.0785 |
| May | 1024.1117 | 1007.3897 | 1015.0169 |
| June | 1022.5756 | 967.7212 | 991.8995 |
| July | 997.7912 | 962.1855 | 984.3983 |
| August | 1003.9252 | 990.0890 | 996.1683 |
| September | 993.0557 | 973.5822 | 984.5450 |
| October | 988.9304 | 971.2978 | 978.8199 |
| November | 985.2827 | 963.1568 | 973.0464 |
| December | 986.0271 | 974.0685 | 981.8110 |