2023 AED to UGX Historical Review

YEARLY HIGH

1039.5790 UGX

YEARLY LOW

975.8755 UGX

YEARLY AVERAGE

1013.8143 UGX

2023 AED to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AED to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 1039.5790. Conversely, the yearly low was recorded on August 6, dropping to 975.8755.

This high-to-low spread represents a total annual volatility of 63.7035 UGX. From a start-to-finish perspective, comparing the January average rate of 1005.1285 to the December average rate of 1029.7200, the exchange rate registered a net change of 2.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1039.5790 was down 2.09% compared to the 2022 peak of 1061.8032, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,197,895 UGX

2022 Average 5,023,324 UGX

Yearly Trough Low 4,879,378 UGX

Transaction Impact: A difference of 318,517.34 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1033.0163

993.4601

JanuMarcMayJulySeptNove

AED 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 1011.4960, compared to 1016.1327 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.6367 points.

H1 Avg (Jan–Jun) 1011.4960

H2 Avg (Jul–Dec) 1016.1327

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 43.5854 UGX (High: 1019.4609 / Low: 975.8755). On the other end, December was the most stable month, with a tight range of 13.0531 UGX (High: 1036.4534 / Low: 1023.4002).

August Spread (Volatile) ±43.5854

December Spread (Stable) ±13.0531

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 11.8399 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -11.8399

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1028.5784) against the same month in 2022 (average: 1022.0444), the exchange rate shifted by +6.5340 (+0.64%).

2023 Avg (November) 1028.5784

2022 Avg (November) 1022.0444

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1016.0135	995.8122	1005.1285
February	1013.9788	993.5362	1003.7917
March	1031.7460	1005.9125	1017.4748
April	1029.8988	1011.5526	1019.2070
May	1028.8310	1010.4324	1014.7775
June	1022.1550	994.3674	1008.5964
July	1006.5136	980.3245	996.7565
August	1019.4609	975.8755	1002.1181
September	1026.1948	1011.4398	1017.9305
October	1030.2379	1015.0630	1021.6925
November	1039.5790	1021.3068	1028.5784
December	1036.4534	1023.4002	1029.7200