2024 THB to UGX Historical Review

YEARLY HIGH

114.1631 UGX

YEARLY LOW

100.4920 UGX

YEARLY AVERAGE

106.6176 UGX

2024 THB to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the THB to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 114.1631. Conversely, the yearly low was recorded on July 2, dropping to 100.4920.

This high-to-low spread represents a total annual volatility of 13.6711 UGX. From a start-to-finish perspective, comparing the January average rate of 108.1640 to the December average rate of 107.2739, the exchange rate registered a net change of -0.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 114.1631 was up 1.34% compared to the 2023 peak of 112.6547, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 28,540,768 UGX

2023 Average 26,789,436 UGX

Yearly Trough Low 25,122,996 UGX

Transaction Impact: A difference of 3,417,772.32 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

112.5203

101.2813

JanuMarcMayJulySeptNove

THB 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 105.6935, compared to 107.5417 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8482 points.

H1 Avg (Jan–Jun) 105.6935

H2 Avg (Jul–Dec) 107.5417

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 5.4167 UGX (High: 114.1631 / Low: 108.7464). On the other end, February was the most stable month, with a tight range of 2.9111 UGX (High: 109.8913 / Low: 106.9802).

September Spread (Volatile) ±5.4167

February Spread (Stable) ±2.9111

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 4.4491 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -4.4491

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 111.5837) against the same month in 2023 (average: 104.4235), the exchange rate shifted by +7.1602 (+6.86%).

2024 Avg (September) 111.5837

2023 Avg (September) 104.4235

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	110.5323	106.6605	108.1640
February	109.8913	106.9802	108.0245
March	110.4973	106.3881	108.3665
April	106.1824	102.5259	103.9174
May	105.1605	101.8873	103.4706
June	104.2345	100.5324	102.2179
July	104.7810	100.4920	102.2650
August	109.7851	104.5242	107.2228
September	114.1631	108.7464	111.5837
October	112.6070	108.1897	109.9930
November	109.4979	104.9318	106.9116
December	108.6465	105.1898	107.2739