2024 SZL to UGX Historical Review

YEARLY HIGH

215.0904 UGX

YEARLY LOW

195.1293 UGX

YEARLY AVERAGE

205.1242 UGX

2024 SZL to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SZL to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 215.0904. Conversely, the yearly low was recorded on December 31, dropping to 195.1293.

This high-to-low spread represents a total annual volatility of 19.9610 UGX. From a start-to-finish perspective, comparing the January average rate of 202.5317 to the December average rate of 201.1060, the exchange rate registered a net change of -0.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 215.0904 was down 2.63% compared to the 2023 peak of 220.8988, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,075,452 UGX

2023 Average 1,010,380 UGX

Yearly Trough Low 975,647 UGX

Transaction Impact: A difference of 99,805.16 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

211.6182

200.1504

JanuMarcMayJulySeptNove

SZL 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 204.2456, compared to 206.0028 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7572 points.

H1 Avg (Jan–Jun) 204.2456

H2 Avg (Jul–Dec) 206.0028

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 12.0694 UGX (High: 207.1987 / Low: 195.1293). On the other end, February was the most stable month, with a tight range of 3.7783 UGX (High: 205.6140 / Low: 201.8357).

December Spread (Volatile) ±12.0694

February Spread (Stable) ±3.7783

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 November and December, when the average rate fell by 4.4031 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -4.4031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 210.6625) against the same month in 2023 (average: 197.2671), the exchange rate shifted by +13.3955 (+6.79%).

2024 Avg (September) 210.6625

2023 Avg (September) 197.2671

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	205.1526	199.1862	202.5317
February	205.6140	201.8357	204.1417
March	209.7544	204.1933	206.6961
April	207.7067	198.2029	202.6146
May	209.8654	203.4836	205.8500
June	209.3311	199.9296	203.6397
July	205.8599	200.0951	203.2490
August	210.7360	200.8071	206.4509
September	215.0904	207.2362	210.6625
October	212.0238	206.5364	209.0393
November	210.7530	201.5678	205.5091
December	207.1987	195.1293	201.1060