2024 UGX to RWF Historical Review

YEARLY HIGH

0.3827 RWF

YEARLY LOW

0.3240 RWF

YEARLY AVERAGE

0.3511 RWF

2024 UGX to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the UGX to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.3827. Conversely, the yearly low was recorded on February 28, dropping to 0.3240.

This high-to-low spread represents a total annual volatility of 0.0587 RWF. From a start-to-finish perspective, comparing the January average rate of 0.3340 to the December average rate of 0.3776, the exchange rate registered a net change of 13.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3827 was up 14.20% compared to the 2023 peak of 0.3351, 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 1,913 RWF

2023 Average 1,555 RWF

Yearly Trough Low 1,620 RWF

Transaction Impact: A difference of 293.55 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3824

0.3246

JanuMarcMayJulySeptNove

UGX to RWF 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 0.3370, compared to 0.3651 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0280 points.

H1 Avg (Jan–Jun) 0.3370

H2 Avg (Jul–Dec) 0.3651

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0149 RWF (High: 0.3554 / Low: 0.3405). On the other end, November was the most stable month, with a tight range of 0.0058 RWF (High: 0.3748 / Low: 0.3690).

June Spread (Volatile) ±0.0149

November Spread (Stable) ±0.0058

Growth Streaks & Declines

Trends

Between February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0046 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0046

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.3776) against the same month in 2023 (average: 0.3316), the exchange rate shifted by +0.0460 (+13.87%).

2024 Avg (December) 0.3776

2023 Avg (December) 0.3316

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3379	0.3311	0.3340
February	0.3352	0.3240	0.3294
March	0.3321	0.3243	0.3296
April	0.3407	0.3311	0.3377
May	0.3456	0.3392	0.3427
June	0.3554	0.3405	0.3487
July	0.3577	0.3511	0.3545
August	0.3608	0.3523	0.3558
September	0.3672	0.3577	0.3619
October	0.3718	0.3638	0.3686
November	0.3748	0.3690	0.3722
December	0.3827	0.3716	0.3776