2024 UGX to AOA Historical Review

YEARLY HIGH

0.2601 AOA

YEARLY LOW

0.2103 AOA

YEARLY AVERAGE

0.2323 AOA

2024 UGX to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the UGX to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 1, valuing the pair at 0.2601. Conversely, the yearly low was recorded on February 26, dropping to 0.2103.

This high-to-low spread represents a total annual volatility of 0.0498 AOA. From a start-to-finish perspective, comparing the January average rate of 0.2183 to the December average rate of 0.2493, the exchange rate registered a net change of 14.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2601 was up 12.88% compared to the 2023 peak of 0.2304, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,300 AOA

2023 Average 922 AOA

Yearly Trough Low 1,052 AOA

Transaction Impact: A difference of 248.80 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2536

0.2107

JanuMarcMayJulySeptNove

UGX to AOA 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 0.2194, compared to 0.2452 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0258 points.

H1 Avg (Jan–Jun) 0.2194

H2 Avg (Jul–Dec) 0.2452

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0132 AOA (High: 0.2601 / Low: 0.2469). On the other end, January was the most stable month, with a tight range of 0.0028 AOA (High: 0.2201 / Low: 0.2173).

October Spread (Volatile) ±0.0132

January Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0037 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.2493) against the same month in 2023 (average: 0.2206), the exchange rate shifted by +0.0287 (+13.03%).

2024 Avg (October) 0.2493

2023 Avg (October) 0.2206

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2201	0.2173	0.2183
February	0.2185	0.2103	0.2146
March	0.2158	0.2113	0.2143
April	0.2206	0.2146	0.2188
May	0.2262	0.2196	0.2226
June	0.2312	0.2240	0.2278
July	0.2371	0.2316	0.2353
August	0.2454	0.2352	0.2391
September	0.2554	0.2451	0.2501
October	0.2601	0.2469	0.2493
November	0.2496	0.2464	0.2479
December	0.2516	0.2477	0.2493