2024 UGX to TRY Historical Review

YEARLY HIGH

0.0096 TRY

YEARLY LOW

0.0078 TRY

YEARLY AVERAGE

0.0088 TRY

2024 UGX to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the UGX to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.0096. Conversely, the yearly low was recorded on January 1, dropping to 0.0078.

This high-to-low spread represents a total annual volatility of 0.0018 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0079 to the December average rate of 0.0096, the exchange rate registered a net change of 20.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0096 was up 23.33% compared to the 2023 peak of 0.0078, 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 48 TRY

2023 Average 32 TRY

Yearly Trough Low 39 TRY

Transaction Impact: A difference of 9.23 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0097

0.0077

JanuMarcMayJulySeptNove

UGX to TRY 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 0.0083, compared to 0.0092 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0083

H2 Avg (Jul–Dec) 0.0092

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0005 TRY (High: 0.0089 / Low: 0.0084). On the other end, October was the most stable month, with a tight range of 0.0001 TRY (High: 0.0094 / Low: 0.0093).

June Spread (Volatile) ±0.0005

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0096) against the same month in 2023 (average: 0.0077), the exchange rate shifted by +0.0019 (+24.15%).

2024 Avg (December) 0.0096

2023 Avg (December) 0.0077

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0080	0.0078	0.0079
February	0.0080	0.0079	0.0080
March	0.0084	0.0080	0.0082
April	0.0086	0.0083	0.0085
May	0.0086	0.0084	0.0085
June	0.0089	0.0084	0.0087
July	0.0090	0.0088	0.0089
August	0.0092	0.0089	0.0091
September	0.0093	0.0091	0.0092
October	0.0094	0.0093	0.0093
November	0.0095	0.0093	0.0094
December	0.0096	0.0094	0.0096