2024 UGX to BIF Historical Review

YEARLY HIGH

0.8121 BIF

YEARLY LOW

0.7239 BIF

YEARLY AVERAGE

0.7683 BIF

2024 UGX to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the UGX to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.8121. Conversely, the yearly low was recorded on February 26, dropping to 0.7239.

This high-to-low spread represents a total annual volatility of 0.0882 BIF. From a start-to-finish perspective, comparing the January average rate of 0.7501 to the December average rate of 0.8046, the exchange rate registered a net change of 7.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8121 was up 2.72% compared to the 2023 peak of 0.7905, 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 4,060 BIF

2023 Average 3,422 BIF

Yearly Trough Low 3,619 BIF

Transaction Impact: A difference of 440.85 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8116

0.7276

JanuMarcMayJulySeptNove

UGX to BIF 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 0.7497, compared to 0.7868 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0372 points.

H1 Avg (Jan–Jun) 0.7497

H2 Avg (Jul–Dec) 0.7868

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0287 BIF (High: 0.7526 / Low: 0.7239). On the other end, August was the most stable month, with a tight range of 0.0067 BIF (High: 0.7782 / Low: 0.7714).

February Spread (Volatile) ±0.0287

August Spread (Stable) ±0.0067

Growth Streaks & Declines

Trends

Between March and July, 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 January and February, when the average rate fell by 0.0115 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0115

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.8046) against the same month in 2023 (average: 0.7538), the exchange rate shifted by +0.0507 (+6.73%).

2024 Avg (December) 0.8046

2023 Avg (December) 0.7538

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7569	0.7475	0.7501
February	0.7526	0.7239	0.7386
March	0.7391	0.7291	0.7346
April	0.7557	0.7364	0.7502
May	0.7669	0.7510	0.7578
June	0.7766	0.7533	0.7667
July	0.7804	0.7711	0.7771
August	0.7782	0.7714	0.7742
September	0.7853	0.7733	0.7798
October	0.8050	0.7868	0.7913
November	0.8058	0.7814	0.7940
December	0.8121	0.7895	0.8046