2024 UZS to UGX Historical Review

YEARLY HIGH

0.3164 UGX

YEARLY LOW

0.2828 UGX

YEARLY AVERAGE

0.2971 UGX

2024 UZS to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the UZS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 0.3164. Conversely, the yearly low was recorded on December 17, dropping to 0.2828.

This high-to-low spread represents a total annual volatility of 0.0335 UGX. From a start-to-finish perspective, comparing the January average rate of 0.3074 to the December average rate of 0.2847, the exchange rate registered a net change of -7.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3164 was down 4.72% compared to the 2023 peak of 0.3320, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 UZS based on timing:

Yearly Peak High 1,582 UGX

2023 Average 1,588 UGX

Yearly Trough Low 1,414 UGX

Transaction Impact: A difference of 167.60 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3141

0.2820

JanuMarcMayJulySeptNove

UZS to UGX 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 0.3044, compared to 0.2898 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0146 points.

H1 Avg (Jan–Jun) 0.3044

H2 Avg (Jul–Dec) 0.2898

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0102 UGX (High: 0.3164 / Low: 0.3061). On the other end, October was the most stable month, with a tight range of 0.0024 UGX (High: 0.2882 / Low: 0.2858).

February Spread (Volatile) ±0.0102

October Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0087 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0087

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.3114) against the same month in 2023 (average: 0.3252), the exchange rate shifted by -0.0138 (-4.23%).

2024 Avg (February) 0.3114

2023 Avg (February) 0.3252

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3091	0.3054	0.3074
February	0.3164	0.3061	0.3114
March	0.3139	0.3072	0.3102
April	0.3076	0.2992	0.3015
May	0.3021	0.2944	0.2985
June	0.3024	0.2928	0.2971
July	0.2960	0.2921	0.2939
August	0.2971	0.2924	0.2947
September	0.2949	0.2894	0.2919
October	0.2882	0.2858	0.2868
November	0.2889	0.2850	0.2868
December	0.2872	0.2828	0.2847