2023 AFN to UGX Historical Review

YEARLY HIGH

54.9878 UGX

YEARLY LOW

40.3539 UGX

YEARLY AVERAGE

45.3674 UGX

2023 AFN to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 28, valuing the pair at 54.9878. Conversely, the yearly low was recorded on February 8, dropping to 40.3539.

This high-to-low spread represents a total annual volatility of 14.6339 UGX. From a start-to-finish perspective, comparing the January average rate of 41.5507 to the December average rate of 54.0642, the exchange rate registered a net change of 30.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 54.9878 was up 22.31% compared to the 2022 peak of 44.9578, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 274,939 UGX

2022 Average 205,660 UGX

Yearly Trough Low 201,769 UGX

Transaction Impact: A difference of 73,169.75 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

55.3578

39.8346

JanuMarcMayJulySeptNove

AFN 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 42.3120, compared to 48.4227 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.1106 points.

H1 Avg (Jan–Jun) 42.3120

H2 Avg (Jul–Dec) 48.4227

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 5.1734 UGX (High: 50.8311 / Low: 45.6576). On the other end, May was the most stable month, with a tight range of 1.3554 UGX (High: 43.2698 / Low: 41.9144).

September Spread (Volatile) ±5.1734

May Spread (Stable) ±1.3554

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 April and May, when the average rate fell by 0.6116 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.6116

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 52.9073) against the same month in 2022 (average: 42.7009), the exchange rate shifted by +10.2064 (+23.90%).

2023 Avg (November) 52.9073

2022 Avg (November) 42.7009

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	42.5497	40.7643	41.5507
February	42.4131	40.3539	41.1282
March	44.2914	41.4640	42.6627
April	43.8952	40.9227	43.2084
May	43.2698	41.9144	42.5968
June	43.4259	41.9443	42.7255
July	43.0249	41.5054	42.2673
August	45.7923	41.6579	43.6093
September	50.8311	45.6576	47.9934
October	51.4043	47.9245	49.6947
November	54.9878	50.5899	52.9073
December	54.9298	53.3966	54.0642