2024 SRD to UGX Historical Review

YEARLY HIGH

130.1523 UGX

YEARLY LOW

102.8926 UGX

YEARLY AVERAGE

114.0155 UGX

2024 SRD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SRD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 130.1523. Conversely, the yearly low was recorded on January 11, dropping to 102.8926.

This high-to-low spread represents a total annual volatility of 27.2597 UGX. From a start-to-finish perspective, comparing the January average rate of 103.6843 to the December average rate of 104.0314, the exchange rate registered a net change of 0.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 130.1523 was up 10.21% compared to the 2023 peak of 118.0955, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 650,762 UGX

2023 Average 510,397 UGX

Yearly Trough Low 514,463 UGX

Transaction Impact: A difference of 136,298.49 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

131.7561

101.1323

JanuMarcMayJulySeptNove

SRD 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 111.2565, compared to 116.7745 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.5180 points.

H1 Avg (Jan–Jun) 111.2565

H2 Avg (Jul–Dec) 116.7745

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 13.0633 UGX (High: 119.5310 / Low: 106.4677). On the other end, December was the most stable month, with a tight range of 1.3642 UGX (High: 104.7584 / Low: 103.3941).

October Spread (Volatile) ±13.0633

December Spread (Stable) ±1.3642

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 11.9598 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -11.9598

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 129.2041) against the same month in 2023 (average: 96.1757), the exchange rate shifted by +33.0284 (+34.34%).

2024 Avg (August) 129.2041

2023 Avg (August) 96.1757

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	104.6013	102.8926	103.6843
February	111.8213	103.6794	107.1335
March	111.4929	109.9119	110.5392
April	112.7941	108.8014	110.3613
May	118.8450	112.0489	116.1423
June	122.0009	117.3789	119.6783
July	129.1537	120.4663	124.8229
August	130.1523	127.9963	129.2041
September	129.0631	120.1632	124.9950
October	119.5310	106.4677	113.0352
November	106.5483	103.2391	104.5583
December	104.7584	103.3941	104.0314