2023 ARS to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ARS to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ARS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 21.0505. Conversely, the yearly low was recorded on December 27, dropping to 4.6562.
This high-to-low spread represents a total annual volatility of 16.3943 UGX. From a start-to-finish perspective, comparing the January average rate of 20.2861 to the December average rate of 6.9275, the exchange rate registered a net change of -65.85% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 21.0505 was down 39.05% compared to the 2022 peak of 34.5372, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ARS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ARS to UGX Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 17.7431, compared to 10.7306 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.0125 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 5.8901 UGX (High: 10.5463 / Low: 4.6562). On the other end, September was the most stable month, with a tight range of 0.1534 UGX (High: 10.7686 / Low: 10.6153).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 3.7683 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 20.2861) against the same month in 2022 (average: 33.9694), the exchange rate shifted by -13.6833 (-40.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.0505 | 19.7216 | 20.2861 |
| February | 19.8076 | 18.8906 | 19.2284 |
| March | 18.8282 | 18.0536 | 18.4534 |
| April | 18.0536 | 16.8657 | 17.3992 |
| May | 16.7678 | 15.6577 | 16.1555 |
| June | 15.6127 | 14.3019 | 14.9360 |
| July | 14.3084 | 13.1404 | 13.7869 |
| August | 13.1432 | 10.5590 | 11.5658 |
| September | 10.7686 | 10.6153 | 10.6858 |
| October | 10.8124 | 10.6549 | 10.7216 |
| November | 10.8116 | 10.5150 | 10.6957 |
| December | 10.5463 | 4.6562 | 6.9275 |