2024 SOS to UGX Historical Review

YEARLY HIGH

6.9135 UGX

YEARLY LOW

6.3691 UGX

YEARLY AVERAGE

6.5754 UGX

2024 SOS to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SOS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 6.9135. Conversely, the yearly low was recorded on December 17, dropping to 6.3691.

This high-to-low spread represents a total annual volatility of 0.5443 UGX. From a start-to-finish perspective, comparing the January average rate of 6.6591 to the December average rate of 6.4127, the exchange rate registered a net change of -3.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 6.9135 was up 3.50% compared to the 2023 peak of 6.6795, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 34,567 UGX

2023 Average 32,702 UGX

Yearly Trough Low 31,846 UGX

Transaction Impact: A difference of 2,721.62 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

6.8571

6.3723

JanuMarcMayJulySeptNove

SOS 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 6.6888, compared to 6.4621 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2267 points.

H1 Avg (Jan–Jun) 6.6888

H2 Avg (Jul–Dec) 6.4621

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.2787 UGX (High: 6.9135 / Low: 6.6347). On the other end, October was the most stable month, with a tight range of 0.0334 UGX (High: 6.4403 / Low: 6.4069).

February Spread (Volatile) ±0.2787

October Spread (Stable) ±0.0334

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 0.1309 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1309

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 6.7729) against the same month in 2023 (average: 6.4835), the exchange rate shifted by +0.2893 (+4.46%).

2024 Avg (February) 6.7729

2023 Avg (February) 6.4835

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.6811	6.6145	6.6591
February	6.9135	6.6347	6.7729
March	6.8802	6.7810	6.8167
April	6.8019	6.6371	6.6858
May	6.6949	6.5692	6.6319
June	6.6790	6.4826	6.5664
July	6.5397	6.4566	6.4860
August	6.5749	6.4912	6.5214
September	6.5286	6.4290	6.4940
October	6.4403	6.4069	6.4225
November	6.4847	6.4014	6.4357
December	6.4555	6.3691	6.4127