2024 SEK to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SEK to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SEK to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 384.2784. Conversely, the yearly low was recorded on December 18, dropping to 326.9349.
This high-to-low spread represents a total annual volatility of 57.3435 UGX. From a start-to-finish perspective, comparing the January average rate of 367.6958 to the December average rate of 333.2392, the exchange rate registered a net change of -9.37% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 384.2784 was up 1.26% compared to the 2023 peak of 379.4880, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SEK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SEK 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 362.4696, compared to 348.5311 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 13.9385 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 23.3691 UGX (High: 384.2784 / Low: 360.9094). On the other end, September was the most stable month, with a tight range of 9.1621 UGX (High: 367.0384 / Low: 357.8763).
Growth Streaks & Declines
TrendsBetween 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 20.5582 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 371.0921) against the same month in 2023 (average: 352.6114), the exchange rate shifted by +18.4807 (+5.24%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 376.2603 | 362.7186 | 367.6958 |
| February | 384.2784 | 360.9094 | 371.0921 |
| March | 382.0169 | 362.4710 | 373.5817 |
| April | 363.3913 | 346.1305 | 353.0235 |
| May | 361.5138 | 346.3680 | 352.3911 |
| June | 366.8243 | 348.5646 | 357.0331 |
| July | 357.2027 | 343.0203 | 348.4582 |
| August | 365.5220 | 347.6937 | 358.0193 |
| September | 367.0384 | 357.8763 | 363.0546 |
| October | 357.6825 | 343.4445 | 350.4773 |
| November | 345.4267 | 333.5191 | 337.9380 |
| December | 338.3365 | 326.9349 | 333.2392 |