2023 AWG to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AWG to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AWG to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 2148.8221. Conversely, the yearly low was recorded on August 6, dropping to 1988.5853.
This high-to-low spread represents a total annual volatility of 160.2368 UGX. From a start-to-finish perspective, comparing the January average rate of 2049.7052 to the December average rate of 2099.6180, the exchange rate registered a net change of 2.44% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 2148.8221 was down 0.72% compared to the 2022 peak of 2164.3917, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AWG based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AWG 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 2062.5374, compared to 2072.9521 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.4147 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 88.7961 UGX (High: 2077.3814 / Low: 1988.5853). On the other end, December was the most stable month, with a tight range of 28.0010 UGX (High: 2113.7167 / Low: 2085.7157).
Growth Streaks & Declines
TrendsBetween July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 24.6552 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 2102.4567) against the same month in 2022 (average: 2083.9443), the exchange rate shifted by +18.5124 (+0.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2072.7670 | 2032.0268 | 2049.7052 |
| February | 2069.0013 | 2027.3658 | 2047.2696 |
| March | 2105.1058 | 2051.9929 | 2075.0325 |
| April | 2098.4023 | 2060.8737 | 2077.8763 |
| May | 2096.4637 | 2061.3383 | 2068.7858 |
| June | 2082.8144 | 2029.0619 | 2056.5552 |
| July | 2053.8636 | 2000.4267 | 2031.9000 |
| August | 2077.3814 | 1988.5853 | 2043.5368 |
| September | 2091.1147 | 2061.0787 | 2076.4884 |
| October | 2102.2347 | 2071.3094 | 2083.7129 |
| November | 2148.8221 | 2083.9134 | 2102.4567 |
| December | 2113.7167 | 2085.7157 | 2099.6180 |