2024 PGK to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 1054.5901. Conversely, the yearly low was recorded on December 18, dropping to 898.6338.
This high-to-low spread represents a total annual volatility of 155.9563 UGX. From a start-to-finish perspective, comparing the January average rate of 1018.8915 to the December average rate of 906.2700, the exchange rate registered a net change of -11.05% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1054.5901 was down 2.03% compared to the 2023 peak of 1076.4746, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PGK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
PGK 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 1002.0688, compared to 930.1998 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 71.8691 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 43.1189 UGX (High: 1054.5901 / Low: 1011.4711). On the other end, November was the most stable month, with a tight range of 17.9396 UGX (High: 923.6281 / Low: 905.6885).
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 March and April, when the average rate fell by 25.6902 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 1026.3133) against the same month in 2023 (average: 1044.7495), the exchange rate shifted by -18.4363 (-1.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1031.3911 | 999.7612 | 1018.8915 |
| February | 1054.5901 | 1011.4711 | 1026.3133 |
| March | 1054.1534 | 1013.1812 | 1025.2660 |
| April | 1015.7900 | 985.1793 | 999.5758 |
| May | 986.9007 | 966.4178 | 976.5699 |
| June | 989.2478 | 948.8584 | 965.7965 |
| July | 966.1754 | 942.1118 | 950.1999 |
| August | 972.2932 | 939.4242 | 947.6124 |
| September | 946.4333 | 924.8063 | 937.2564 |
| October | 935.2576 | 913.8742 | 924.8946 |
| November | 923.6281 | 905.6885 | 914.9652 |
| December | 920.7330 | 898.6338 | 906.2700 |