2024 UAH to UGX Historical Review

YEARLY HIGH

103.2845 UGX

YEARLY LOW

86.7246 UGX

YEARLY AVERAGE

93.6813 UGX

2024 UAH to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the UAH to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 29, valuing the pair at 103.2845. Conversely, the yearly low was recorded on December 18, dropping to 86.7246.

This high-to-low spread represents a total annual volatility of 16.5599 UGX. From a start-to-finish perspective, comparing the January average rate of 100.5246 to the December average rate of 87.7031, the exchange rate registered a net change of -12.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 103.2845 was down 2.06% compared to the 2023 peak of 105.4519, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 516,422 UGX

2023 Average 506,008 UGX

Yearly Trough Low 433,623 UGX

Transaction Impact: A difference of 82,799.29 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

103.3433

86.2812

JanuMarcMayJulySeptNove

UAH 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 98.0051, compared to 89.3574 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.6477 points.

H1 Avg (Jan–Jun) 98.0051

H2 Avg (Jul–Dec) 89.3574

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 4.1878 UGX (High: 103.0687 / Low: 98.8809). On the other end, October was the most stable month, with a tight range of 0.6870 UGX (High: 89.2483 / Low: 88.5613).

March Spread (Volatile) ±4.1878

October Spread (Stable) ±0.6870

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 3.5905 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -3.5905

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 101.9215) against the same month in 2023 (average: 100.1716), the exchange rate shifted by +1.7498 (+1.75%).

2024 Avg (February) 101.9215

2023 Avg (February) 100.1716

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	101.8914	99.1467	100.5246
February	103.2845	100.7640	101.9215
March	103.0687	98.8809	100.6025
April	99.3298	95.5957	97.0119
May	96.1955	93.9042	95.3115
June	94.9659	91.1420	92.6587
July	91.4046	88.7353	90.3493
August	90.9084	89.7516	90.3513
September	90.6337	89.1028	89.9265
October	89.2483	88.5613	88.9545
November	89.4941	88.2961	88.8600
December	88.7238	86.7246	87.7031