2023 BHD to UGX Historical Review

YEARLY HIGH

10130.1508 UGX

YEARLY LOW

9507.1029 UGX

YEARLY AVERAGE

9881.1959 UGX

2023 BHD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 10130.1508. Conversely, the yearly low was recorded on August 6, dropping to 9507.1029.

This high-to-low spread represents a total annual volatility of 623.0479 UGX. From a start-to-finish perspective, comparing the January average rate of 9794.4545 to the December average rate of 10029.3713, the exchange rate registered a net change of 2.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10130.1508 was down 2.08% compared to the 2022 peak of 10345.3301, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 50,650,754 UGX

2022 Average 48,939,516 UGX

Yearly Trough Low 47,535,515 UGX

Transaction Impact: A difference of 3,115,239.29 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10060.3262

9688.8668

JanuMarcMayJulySeptNove

BHD 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 9860.5665, compared to 9901.8253 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 41.2589 points.

H1 Avg (Jan–Jun) 9860.5665

H2 Avg (Jul–Dec) 9901.8253

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 408.8205 UGX (High: 9915.9235 / Low: 9507.1029). On the other end, December was the most stable month, with a tight range of 127.5701 UGX (High: 10099.5326 / Low: 9971.9625).

August Spread (Volatile) ±408.8205

December Spread (Stable) ±127.5701

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 113.5426 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -113.5426

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 10024.8862) against the same month in 2022 (average: 9958.5778), the exchange rate shifted by +66.3084 (+0.67%).

2023 Avg (November) 10024.8862

2022 Avg (November) 9958.5778

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9897.9326	9717.4501	9794.4545
February	9895.6394	9712.9028	9788.6336
March	10048.4509	9808.1114	9921.8418
April	10032.8387	9886.2656	9936.2913
May	10021.7089	9843.1869	9888.8131
June	9975.2708	9719.2808	9833.3644
July	9810.8308	9576.8734	9719.8218
August	9915.9235	9507.1029	9762.1387
September	9999.5336	9856.6363	9920.0775
October	10036.3430	9869.4354	9954.6566
November	10130.1508	9963.5912	10024.8862
December	10099.5326	9971.9625	10029.3713