2024 SGD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 2938.7065. Conversely, the yearly low was recorded on December 18, dropping to 2670.2553.
This high-to-low spread represents a total annual volatility of 268.4513 UGX. From a start-to-finish perspective, comparing the January average rate of 2847.6226 to the December average rate of 2711.8608, the exchange rate registered a net change of -4.77% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 2938.7065 was up 2.39% compared to the 2023 peak of 2870.1596, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SGD 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 2836.9606, compared to 2785.3529 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 51.6077 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 101.9143 UGX (High: 2834.7952 / Low: 2732.8810). On the other end, September was the most stable month, with a tight range of 40.6580 UGX (High: 2886.0135 / Low: 2845.3555).
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 89.1172 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 2878.7061) against the same month in 2023 (average: 2765.7803), the exchange rate shifted by +112.9258 (+4.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2872.0137 | 2830.4594 | 2847.6226 |
| February | 2938.7065 | 2840.9056 | 2878.7061 |
| March | 2935.9427 | 2873.1650 | 2903.3445 |
| April | 2872.8041 | 2786.1864 | 2814.2273 |
| May | 2829.8287 | 2775.3366 | 2803.7467 |
| June | 2834.7952 | 2732.8810 | 2774.1165 |
| July | 2783.6621 | 2728.1059 | 2752.9954 |
| August | 2860.1397 | 2784.6848 | 2828.4462 |
| September | 2886.0135 | 2845.3555 | 2864.3220 |
| October | 2845.2005 | 2769.3303 | 2801.2992 |
| November | 2795.8292 | 2725.6767 | 2753.1937 |
| December | 2746.1028 | 2670.2553 | 2711.8608 |