2024 SCR to UGX Historical Review

YEARLY HIGH

293.1738 UGX

YEARLY LOW

241.4536 UGX

YEARLY AVERAGE

274.9741 UGX

2024 SCR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SCR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 13, valuing the pair at 293.1738. Conversely, the yearly low was recorded on December 15, dropping to 241.4536.

This high-to-low spread represents a total annual volatility of 51.7202 UGX. From a start-to-finish perspective, comparing the January average rate of 284.2927 to the December average rate of 259.7428, the exchange rate registered a net change of -8.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 293.1738 was down 0.77% compared to the 2023 peak of 295.4634, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,465,869 UGX

2023 Average 1,386,174 UGX

Yearly Trough Low 1,207,268 UGX

Transaction Impact: A difference of 258,600.85 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

290.5255

256.9443

JanuMarcMayJulySeptNove

SCR 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 281.4497, compared to 268.4985 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 12.9512 points.

H1 Avg (Jan–Jun) 281.4497

H2 Avg (Jul–Dec) 268.4985

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 43.6366 UGX (High: 289.4473 / Low: 245.8107). On the other end, May was the most stable month, with a tight range of 9.8016 UGX (High: 281.7311 / Low: 271.9295).

August Spread (Volatile) ±43.6366

May Spread (Stable) ±9.8016

Growth Streaks & Declines

Trends

Between July and September, 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 8.0690 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -8.0690

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 287.7271) against the same month in 2023 (average: 272.2304), the exchange rate shifted by +15.4967 (+5.69%).

2024 Avg (February) 287.7271

2023 Avg (February) 272.2304

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	292.1567	274.6197	284.2927
February	293.1738	280.3202	287.7271
March	291.0680	273.0939	286.5425
April	286.9336	264.6454	281.0934
May	281.7311	271.9295	277.3362
June	279.6345	254.8626	271.7062
July	274.4065	261.8341	268.5716
August	289.4473	245.8107	271.1067
September	288.7400	264.5548	276.0043
October	280.6250	243.6166	267.9353
November	274.5711	258.2125	267.6302
December	277.2104	241.4536	259.7428