2024 UGX to MVR Historical Review

YEARLY HIGH

0.0042 MVR

YEARLY LOW

0.0038 MVR

YEARLY AVERAGE

0.0041 MVR

2024 UGX to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the UGX to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.0042. Conversely, the yearly low was recorded on May 2, dropping to 0.0038.

This high-to-low spread represents a total annual volatility of 0.0004 MVR. From a start-to-finish perspective, comparing the January average rate of 0.0040 to the December average rate of 0.0042, the exchange rate registered a net change of 3.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0042 was down 1.21% compared to the 2023 peak of 0.0043, 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 21 MVR

2023 Average 21 MVR

Yearly Trough Low 19 MVR

Transaction Impact: A difference of 2.14 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0042

0.0039

JanuMarcMayJulySeptNove

UGX to MVR 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 0.0040, compared to 0.0042 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0040

H2 Avg (Jul–Dec) 0.0042

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0003 MVR (High: 0.0041 / Low: 0.0038). On the other end, October was the most stable month, with a tight range of 0.0000 MVR (High: 0.0042 / Low: 0.0042).

May Spread (Volatile) ±0.0003

October Spread (Stable) ±0.0000

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 0.0001 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0042) against the same month in 2023 (average: 0.0041), the exchange rate shifted by +0.0001 (+3.46%).

2024 Avg (December) 0.0042

2023 Avg (December) 0.0041

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0041	0.0040	0.0040
February	0.0040	0.0039	0.0040
March	0.0040	0.0039	0.0040
April	0.0041	0.0040	0.0040
May	0.0041	0.0038	0.0041
June	0.0042	0.0040	0.0041
July	0.0042	0.0041	0.0042
August	0.0042	0.0041	0.0041
September	0.0042	0.0041	0.0041
October	0.0042	0.0042	0.0042
November	0.0042	0.0042	0.0042
December	0.0042	0.0042	0.0042