2024 ZAR to UGX Historical Review

YEARLY HIGH

215.9933 UGX

YEARLY LOW

193.8745 UGX

YEARLY AVERAGE

204.9838 UGX

2024 ZAR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 215.9933. Conversely, the yearly low was recorded on December 26, dropping to 193.8745.

This high-to-low spread represents a total annual volatility of 22.1188 UGX. From a start-to-finish perspective, comparing the January average rate of 202.8870 to the December average rate of 200.9088, the exchange rate registered a net change of -0.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 215.9933 was down 2.25% compared to the 2023 peak of 220.9578, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 10,799,663 UGX

2023 Average 10,099,946 UGX

Yearly Trough Low 9,693,723 UGX

Transaction Impact: A difference of 1,105,939.89 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

211.9665

199.9036

JanuMarcMayJulySeptNove

ZAR 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 204.1447, compared to 205.8230 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6783 points.

H1 Avg (Jan–Jun) 204.1447

H2 Avg (Jul–Dec) 205.8230

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 12.5664 UGX (High: 206.4408 / Low: 193.8745). On the other end, February was the most stable month, with a tight range of 5.2307 UGX (High: 206.0794 / Low: 200.8486).

December Spread (Volatile) ±12.5664

February Spread (Stable) ±5.2307

Growth Streaks & Declines

Trends

Between 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 4.2443 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -4.2443

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 210.9613) against the same month in 2023 (average: 197.1386), the exchange rate shifted by +13.8227 (+7.01%).

2024 Avg (September) 210.9613

2023 Avg (September) 197.1386

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	207.5555	198.4306	202.8870
February	206.0794	200.8486	203.5747
March	209.7313	203.8064	206.5298
April	207.1154	197.0521	202.2855
May	210.7067	202.5387	205.7297
June	208.6977	199.7137	203.8611
July	206.0396	198.8381	203.2470
August	210.2483	198.9375	206.0029
September	215.9933	207.1090	210.9613
October	211.7183	205.9602	208.9370
November	212.0524	200.7010	204.8809
December	206.4408	193.8745	200.9088