2024 UGX to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 UGX to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the UGX to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 1.2250. Conversely, the yearly low was recorded on April 5, dropping to 0.9778.
This high-to-low spread represents a total annual volatility of 0.2472 COP. From a start-to-finish perspective, comparing the January average rate of 1.0304 to the December average rate of 1.1987, the exchange rate registered a net change of 16.33% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.2250 was down 8.77% compared to the 2023 peak of 1.3428, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 UGX based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
UGX to COP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.0266, compared to 1.1440 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1174 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 0.1169 COP (High: 1.1257 / Low: 1.0088). On the other end, March was the most stable month, with a tight range of 0.0182 COP (High: 1.0100 / Low: 0.9918).
Growth Streaks & Declines
TrendsBetween March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0159 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 1.1976) against the same month in 2023 (average: 1.0669), the exchange rate shifted by +0.1307 (+12.25%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.0433 | 1.0205 | 1.0304 |
| February | 1.0350 | 0.9981 | 1.0145 |
| March | 1.0100 | 0.9918 | 1.0010 |
| April | 1.0402 | 0.9778 | 1.0119 |
| May | 1.0363 | 1.0012 | 1.0204 |
| June | 1.1257 | 1.0088 | 1.0811 |
| July | 1.1143 | 1.0680 | 1.0902 |
| August | 1.1132 | 1.0742 | 1.0902 |
| September | 1.1549 | 1.1108 | 1.1275 |
| October | 1.2059 | 1.1287 | 1.1597 |
| November | 1.2250 | 1.1759 | 1.1976 |
| December | 1.2132 | 1.1807 | 1.1987 |