2024 SAR to UGX Historical Review

YEARLY HIGH

1053.4070 UGX

YEARLY LOW

968.7545 UGX

YEARLY AVERAGE

1001.1997 UGX

2024 SAR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SAR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 1053.4070. Conversely, the yearly low was recorded on December 17, dropping to 968.7545.

This high-to-low spread represents a total annual volatility of 84.6525 UGX. From a start-to-finish perspective, comparing the January average rate of 1014.3431 to the December average rate of 975.2911, the exchange rate registered a net change of -3.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1053.4070 was up 3.51% compared to the 2023 peak of 1017.6647, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,267,035 UGX

2023 Average 4,962,776 UGX

Yearly Trough Low 4,843,773 UGX

Transaction Impact: A difference of 423,262.48 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1044.6849

968.9825

JanuMarcMayJulySeptNove

SAR 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 1018.9530, compared to 983.4463 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 35.5067 points.

H1 Avg (Jan–Jun) 1018.9530

H2 Avg (Jul–Dec) 983.4463

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 37.9408 UGX (High: 1053.4070 / Low: 1015.4663). On the other end, October was the most stable month, with a tight range of 6.2277 UGX (High: 980.5534 / Low: 974.3257).

February Spread (Volatile) ±37.9408

October Spread (Stable) ±6.2277

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 19.9730 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -19.9730

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 1032.5165) against the same month in 2023 (average: 982.7765), the exchange rate shifted by +49.7400 (+5.06%).

2024 Avg (February) 1032.5165

2023 Avg (February) 982.7765

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1018.2673	1006.9330	1014.3431
February	1053.4070	1015.4663	1032.5165
March	1048.4743	1033.4248	1038.3764
April	1036.0920	1010.8495	1018.4034
May	1019.8120	999.9425	1009.8099
June	1017.2266	987.2219	1000.2689
July	996.2351	983.5658	987.6495
August	995.8759	982.8378	991.5413
September	993.4064	983.3770	988.9945
October	980.5534	974.3257	977.6424
November	986.9118	973.6517	979.5593
December	981.7206	968.7545	975.2911