2024 RUB to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 RUB to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the RUB to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on June 19, valuing the pair at 44.7408. Conversely, the yearly low was recorded on December 31, dropping to 32.3470.
This high-to-low spread represents a total annual volatility of 12.3938 UGX. From a start-to-finish perspective, comparing the January average rate of 42.5857 to the December average rate of 35.3292, the exchange rate registered a net change of -17.04% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 44.7408 was down 19.26% compared to the 2023 peak of 55.4167, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RUB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
RUB 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 42.0609, compared to 39.1473 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.9135 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 5.5348 UGX (High: 38.1657 / Low: 32.6309). On the other end, October was the most stable month, with a tight range of 1.2204 UGX (High: 38.7957 / Low: 37.5753).
Growth Streaks & Declines
TrendsBetween 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 September and October, when the average rate fell by 2.5222 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 42.5714) against the same month in 2023 (average: 44.4454), the exchange rate shifted by -1.8740 (-4.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 43.4082 | 41.2029 | 42.5857 |
| February | 43.0622 | 41.1779 | 42.1644 |
| March | 43.1413 | 41.9065 | 42.3985 |
| April | 41.9956 | 40.4908 | 41.0777 |
| May | 43.0933 | 40.6444 | 41.5676 |
| June | 44.7408 | 41.4958 | 42.5714 |
| July | 43.9710 | 41.5786 | 42.4272 |
| August | 43.9247 | 40.3526 | 41.8368 |
| September | 42.4610 | 39.1930 | 40.6600 |
| October | 38.7957 | 37.5753 | 38.1378 |
| November | 38.1657 | 32.6309 | 36.4930 |
| December | 37.1025 | 32.3470 | 35.3292 |