2024 UGX to PYG Historical Review

YEARLY HIGH

2.1838 PYG

YEARLY LOW

1.8416 PYG

YEARLY AVERAGE

2.0138 PYG

2024 UGX to PYG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the UGX to PYG exchange rate experienced significant fluctuation. The market reached its absolute peak on October 28, valuing the pair at 2.1838. Conversely, the yearly low was recorded on February 26, dropping to 1.8416.

This high-to-low spread represents a total annual volatility of 0.3422 PYG. From a start-to-finish perspective, comparing the January average rate of 1.9143 to the December average rate of 2.1307, the exchange rate registered a net change of 11.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1838 was up 7.89% compared to the 2023 peak of 2.0241, 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 10,919 PYG

2023 Average 9,787 PYG

Yearly Trough Low 9,208 PYG

Transaction Impact: A difference of 1,711.00 PYG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1709

1.8517

JanuMarcMayJulySeptNove

UGX to PYG 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 1.9331, compared to 2.0946 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1615 points.

H1 Avg (Jan–Jun) 1.9331

H2 Avg (Jul–Dec) 2.0946

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0669 PYG (High: 1.9086 / Low: 1.8416). On the other end, July was the most stable month, with a tight range of 0.0186 PYG (High: 2.0480 / Low: 2.0293).

February Spread (Volatile) ±0.0669

July Spread (Stable) ±0.0186

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 0.0327 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0327

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 2.1443) against the same month in 2023 (average: 1.9642), the exchange rate shifted by +0.1801 (+9.17%).

2024 Avg (October) 2.1443

2023 Avg (October) 1.9642

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9271	1.9043	1.9143
February	1.9086	1.8416	1.8816
March	1.9056	1.8581	1.8783
April	1.9601	1.9007	1.9365
May	2.0000	1.9663	1.9805
June	2.0358	1.9722	2.0071
July	2.0480	2.0293	2.0377
August	2.0655	2.0248	2.0374
September	2.1151	2.0609	2.0914
October	2.1838	2.1211	2.1443
November	2.1579	2.1028	2.1260
December	2.1477	2.1154	2.1307