2024 UGX to MKD Historical Review

YEARLY HIGH

0.0163 MKD

YEARLY LOW

0.0144 MKD

YEARLY AVERAGE

0.0152 MKD

2024 UGX to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the UGX to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.0163. Conversely, the yearly low was recorded on February 26, dropping to 0.0144.

This high-to-low spread represents a total annual volatility of 0.0019 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0148 to the December average rate of 0.0160, the exchange rate registered a net change of 8.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0163 was up 2.82% compared to the 2023 peak of 0.0158, 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 81 MKD

2023 Average 76 MKD

Yearly Trough Low 72 MKD

Transaction Impact: A difference of 9.49 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0162

0.0144

JanuMarcMayJulySeptNove

UGX to MKD 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 0.0149, compared to 0.0154 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0149

H2 Avg (Jul–Dec) 0.0154

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0007 MKD (High: 0.0155 / Low: 0.0148). On the other end, September was the most stable month, with a tight range of 0.0002 MKD (High: 0.0150 / Low: 0.0148).

June Spread (Volatile) ±0.0007

September Spread (Stable) ±0.0002

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 0.0003 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0160) against the same month in 2023 (average: 0.0149), the exchange rate shifted by +0.0011 (+7.52%).

2024 Avg (December) 0.0160

2023 Avg (December) 0.0149

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0149	0.0147	0.0148
February	0.0150	0.0144	0.0147
March	0.0147	0.0144	0.0145
April	0.0153	0.0147	0.0150
May	0.0152	0.0148	0.0150
June	0.0155	0.0148	0.0152
July	0.0155	0.0152	0.0153
August	0.0153	0.0148	0.0150
September	0.0150	0.0148	0.0149
October	0.0156	0.0151	0.0154
November	0.0160	0.0153	0.0157
December	0.0163	0.0158	0.0160