2024 UGX to EGP Historical Review

YEARLY HIGH

0.0140 EGP

YEARLY LOW

0.0078 EGP

YEARLY AVERAGE

0.0121 EGP

2024 UGX to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the UGX to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.0140. Conversely, the yearly low was recorded on February 26, dropping to 0.0078.

This high-to-low spread represents a total annual volatility of 0.0061 EGP. From a start-to-finish perspective, comparing the January average rate of 0.0081 to the December average rate of 0.0138, the exchange rate registered a net change of 69.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0140 was up 62.70% compared to the 2023 peak of 0.0086, 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 70 EGP

2023 Average 41 EGP

Yearly Trough Low 39 EGP

Transaction Impact: A difference of 30.71 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0144

0.0074

JanuMarcMayJulySeptNove

UGX to EGP 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 0.0109, compared to 0.0133 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.0109

H2 Avg (Jul–Dec) 0.0133

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0048 EGP (High: 0.0127 / Low: 0.0079). On the other end, January was the most stable month, with a tight range of 0.0001 EGP (High: 0.0082 / Low: 0.0081).

March Spread (Volatile) ±0.0048

January Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0138) against the same month in 2023 (average: 0.0082), the exchange rate shifted by +0.0056 (+68.92%).

2024 Avg (December) 0.0138

2023 Avg (December) 0.0082

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0082	0.0081	0.0081
February	0.0081	0.0078	0.0080
March	0.0127	0.0079	0.0116
April	0.0127	0.0122	0.0125
May	0.0127	0.0123	0.0125
June	0.0131	0.0123	0.0127
July	0.0131	0.0129	0.0130
August	0.0132	0.0130	0.0131
September	0.0132	0.0130	0.0131
October	0.0134	0.0131	0.0132
November	0.0135	0.0133	0.0134
December	0.0140	0.0135	0.0138