2024 RWF to UGX Historical Review

YEARLY HIGH

3.0868 UGX

YEARLY LOW

2.6132 UGX

YEARLY AVERAGE

2.8546 UGX

2024 RWF to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RWF to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 28, valuing the pair at 3.0868. Conversely, the yearly low was recorded on December 17, dropping to 2.6132.

This high-to-low spread represents a total annual volatility of 0.4736 UGX. From a start-to-finish perspective, comparing the January average rate of 2.9938 to the December average rate of 2.6486, the exchange rate registered a net change of -11.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.0868 was down 11.50% compared to the 2023 peak of 3.4877, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,434 UGX

2023 Average 16,110 UGX

Yearly Trough Low 13,066 UGX

Transaction Impact: A difference of 2,367.88 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.0743

2.6099

JanuMarcMayJulySeptNove

RWF 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 2.9685, compared to 2.7406 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2278 points.

H1 Avg (Jan–Jun) 2.9685

H2 Avg (Jul–Dec) 2.7406

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.1233 UGX (High: 2.9369 / Low: 2.8137). On the other end, November was the most stable month, with a tight range of 0.0419 UGX (High: 2.7099 / Low: 2.6680).

June Spread (Volatile) ±0.1233

November Spread (Stable) ±0.0419

Growth Streaks & Declines

Trends

No 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 0.0720 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0720

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 3.0356) against the same month in 2023 (average: 3.3935), the exchange rate shifted by -0.3579 (-10.55%).

2024 Avg (February) 3.0356

2023 Avg (February) 3.3935

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0204	2.9591	2.9938
February	3.0868	2.9837	3.0356
March	3.0840	3.0107	3.0338
April	3.0200	2.9348	2.9618
May	2.9481	2.8935	2.9179
June	2.9369	2.8137	2.8679
July	2.8481	2.7958	2.8212
August	2.8388	2.7713	2.8106
September	2.7953	2.7231	2.7634
October	2.7487	2.6894	2.7132
November	2.7099	2.6680	2.6869
December	2.6913	2.6132	2.6486