2024 XAF to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 XAF to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the XAF to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 6.5347. Conversely, the yearly low was recorded on December 18, dropping to 5.7438.
This high-to-low spread represents a total annual volatility of 0.7909 UGX. From a start-to-finish perspective, comparing the January average rate of 6.3270 to the December average rate of 5.8492, the exchange rate registered a net change of -7.55% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 6.5347 was up 2.21% compared to the 2023 peak of 6.3932, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XAF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
XAF to UGX Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 6.2994, compared to 6.0964 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2030 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 0.2924 UGX (High: 6.3421 / Low: 6.0497). On the other end, September was the most stable month, with a tight range of 0.0901 UGX (High: 6.3319 / Low: 6.2418).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.2104 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 6.3722) against the same month in 2023 (average: 6.0154), the exchange rate shifted by +0.3568 (+5.93%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.3779 | 6.2724 | 6.3270 |
| February | 6.5347 | 6.2678 | 6.3722 |
| March | 6.5170 | 6.3811 | 6.4540 |
| April | 6.3898 | 6.1544 | 6.2436 |
| May | 6.3143 | 6.1703 | 6.2434 |
| June | 6.3421 | 6.0497 | 6.1560 |
| July | 6.1828 | 6.0617 | 6.1305 |
| August | 6.3468 | 6.1364 | 6.2531 |
| September | 6.3319 | 6.2418 | 6.2855 |
| October | 6.1831 | 6.0221 | 6.0992 |
| November | 6.1217 | 5.8669 | 5.9610 |
| December | 5.9257 | 5.7438 | 5.8492 |