Uganda Money Supply M2
Uganda · Monthly series · EC-UG-M2
Latest, September 2026
41.51T UGX
+2.6% from August 2026
Forecast
Forecast for September 2027: 43.87T UGX, with an 80% interval of 36.54T UGX to 52.28T UGX.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| October 2026 | 41.60T UGX | 39.85T UGX | 43.54T UGX |
| November 2026 | 42.48T UGX | 39.46T UGX | 45.97T UGX |
| December 2026 | 42.63T UGX | 40.04T UGX | 45.60T UGX |
| January 2027 | 42.01T UGX | 39.95T UGX | 44.30T UGX |
| February 2027 | 42.32T UGX | 40.00T UGX | 44.92T UGX |
| March 2027 | 42.06T UGX | 40.00T UGX | 44.38T UGX |
| April 2027 | 41.88T UGX | 37.67T UGX | 46.50T UGX |
| May 2027 | 42.42T UGX | 38.21T UGX | 47.13T UGX |
| June 2027 | 44.04T UGX | 37.05T UGX | 52.12T UGX |
| July 2027 | 43.41T UGX | 38.52T UGX | 49.11T UGX |
| August 2027 | 44.12T UGX | 38.32T UGX | 50.91T UGX |
| September 2027 | 43.87T UGX | 36.54T UGX | 52.28T UGX |
AI confidence
Supported evidenceThe point forecast beat the no-change baseline overall and in a majority of the evaluated tests.
Model: Agentic Investor TSFM (foundation model)
- Accuracy vs naive
- +44%Beats the no-change baseline over 9 tests (9 tests, 9 won)
- Direction
- 92%Beats a coin flip (99 of 108 calls right in 9 tests)
- Turning points
- 43 of 52Anticipated most turns (52 turns in 9 tests, 0 without a turn)
- Error vs baseline
- 44% lowerError ratio 0.56; 1.00 is a tie.
- Tests won
- 9 / 9Complete rolling backtests; ties count as no win.
- Test period
- 2017-10-01 to 2026-09-0112 observations ahead per test.
- 80% band coverage
- 79%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-15 against the cached history through 2026-09-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Reading
That is the highest of the 120 readings since October 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| September 2026 | 41.51T UGX |
| August 2026 | 40.46T UGX |
| July 2026 | 39.50T UGX |
| June 2026 | 40.48T UGX |
| May 2026 | 37.37T UGX |
| April 2026 | 37.79T UGX |
| March 2026 | 37.69T UGX |
| February 2026 | 38.78T UGX |
| January 2026 | 37.74T UGX |
| December 2025 | 37.89T UGX |
| November 2025 | 37.49T UGX |
| October 2025 | 35.12T UGX |
| September 2025 | 34.83T UGX |
| August 2025 | 34.02T UGX |
| July 2025 | 34.05T UGX |
| June 2025 | 34.65T UGX |
| May 2025 | 33.08T UGX |
| April 2025 | 32.03T UGX |
| March 2025 | 31.71T UGX |
| February 2025 | 32.01T UGX |
| January 2025 | 31.47T UGX |
| December 2024 | 31.75T UGX |
| November 2024 | 32.16T UGX |
| October 2024 | 31.77T UGX |
Source
Data: public market data feeds.
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Also stored for Uganda
- Uganda Balance Of Trade
- Uganda Business Confidence Index
- Uganda CPI Housing Utilities
- Uganda CPI Transportation
- Uganda Capital Flows
- Uganda Changes In Inventories
- Uganda Consumer Credit
- Uganda Consumer Price Index
- Uganda Consumer Spending
- Uganda Core Consumer Prices
- Uganda Core Inflation Rate YoY
- Uganda Corporate Tax Rate