Uganda Money Supply M2

Uganda · Monthly series · EC-UG-M2

Latest, September 2026

41.51T UGX

+2.6% from August 2026

Open interactive chartUganda Money Supply M2 in the app

52.28T32.51T12.74TOctober 2016September 2027
History through September 2026, the forecast path to September 2027 (dashed) and its 80% interval (shaded).

Forecast

Forecast for September 2027: 43.87T UGX, with an 80% interval of 36.54T UGX to 52.28T UGX.

Forecast path. Intervals are shown where available.
PeriodForecast80% low80% high
October 202641.60T UGX39.85T UGX43.54T UGX
November 202642.48T UGX39.46T UGX45.97T UGX
December 202642.63T UGX40.04T UGX45.60T UGX
January 202742.01T UGX39.95T UGX44.30T UGX
February 202742.32T UGX40.00T UGX44.92T UGX
March 202742.06T UGX40.00T UGX44.38T UGX
April 202741.88T UGX37.67T UGX46.50T UGX
May 202742.42T UGX38.21T UGX47.13T UGX
June 202744.04T UGX37.05T UGX52.12T UGX
July 202743.41T UGX38.52T UGX49.11T UGX
August 202744.12T UGX38.32T UGX50.91T UGX
September 202743.87T UGX36.54T UGX52.28T UGX

Model: Agentic Investor TSFM (foundation model). Forecast generated 2026-11-15.

AI confidence

Supported evidence

The 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.
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.

Replay past tests

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.

Written from the figures by a fixed template; no AI model is involved.

Recent history (24 observations)
The 24 most recent observations, newest first.
PeriodValue
September 202641.51T UGX
August 202640.46T UGX
July 202639.50T UGX
June 202640.48T UGX
May 202637.37T UGX
April 202637.79T UGX
March 202637.69T UGX
February 202638.78T UGX
January 202637.74T UGX
December 202537.89T UGX
November 202537.49T UGX
October 202535.12T UGX
September 202534.83T UGX
August 202534.02T UGX
July 202534.05T UGX
June 202534.65T UGX
May 202533.08T UGX
April 202532.03T UGX
March 202531.71T UGX
February 202532.01T UGX
January 202531.47T UGX
December 202431.75T UGX
November 202432.16T UGX
October 202431.77T UGX

Source

Data: public market data feeds.

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