2024 UGX to CVE Historical Review

YEARLY HIGH

0.0291 CVE

YEARLY LOW

0.0258 CVE

YEARLY AVERAGE

0.0272 CVE

2024 UGX to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the UGX to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.0291. Conversely, the yearly low was recorded on February 26, dropping to 0.0258.

This high-to-low spread represents a total annual volatility of 0.0033 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0266 to the December average rate of 0.0287, the exchange rate registered a net change of 8.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0291 was up 2.76% compared to the 2023 peak of 0.0283, 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 145 CVE

2023 Average 137 CVE

Yearly Trough Low 129 CVE

Transaction Impact: A difference of 16.49 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0290

0.0258

JanuMarcMayJulySeptNove

UGX to CVE 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 0.0267, compared to 0.0276 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0267

H2 Avg (Jul–Dec) 0.0276

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0012 CVE (High: 0.0278 / Low: 0.0266). On the other end, September was the most stable month, with a tight range of 0.0003 CVE (High: 0.0269 / Low: 0.0266).

June Spread (Volatile) ±0.0012

September Spread (Stable) ±0.0003

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 July and August, when the average rate fell by 0.0005 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0287) against the same month in 2023 (average: 0.0268), the exchange rate shifted by +0.0020 (+7.37%).

2024 Avg (December) 0.0287

2023 Avg (December) 0.0268

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0268	0.0263	0.0266
February	0.0269	0.0258	0.0264
March	0.0264	0.0258	0.0261
April	0.0273	0.0264	0.0269
May	0.0274	0.0266	0.0270
June	0.0278	0.0266	0.0273
July	0.0278	0.0272	0.0275
August	0.0275	0.0266	0.0270
September	0.0269	0.0266	0.0268
October	0.0279	0.0271	0.0276
November	0.0287	0.0275	0.0282
December	0.0291	0.0283	0.0287