2023 BND to UGX Historical Review

YEARLY HIGH

2865.0694 UGX

YEARLY LOW

2680.3544 UGX

YEARLY AVERAGE

2773.8011 UGX

2023 BND to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 2865.0694. Conversely, the yearly low was recorded on August 12, dropping to 2680.3544.

This high-to-low spread represents a total annual volatility of 184.7150 UGX. From a start-to-finish perspective, comparing the January average rate of 2782.2591 to the December average rate of 2838.4892, the exchange rate registered a net change of 2.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2865.0694 was up 1.59% compared to the 2022 peak of 2820.1160, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,325,347 UGX

2022 Average 13,380,238 UGX

Yearly Trough Low 13,401,772 UGX

Transaction Impact: A difference of 923,574.83 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2849.8044

2714.0218

JanuMarcMayJulySeptNove

BND 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 2781.6786, compared to 2765.9236 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 15.7550 points.

H1 Avg (Jan–Jun) 2781.6786

H2 Avg (Jul–Dec) 2765.9236

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 114.8587 UGX (High: 2851.0025 / Low: 2736.1438). On the other end, September was the most stable month, with a tight range of 30.2969 UGX (High: 2761.0528 / Low: 2730.7559).

March Spread (Volatile) ±114.8587

September Spread (Stable) ±30.2969

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 30.5313 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -30.5313

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2838.4892) against the same month in 2022 (average: 2727.5401), the exchange rate shifted by +110.9491 (+4.07%).

2023 Avg (December) 2838.4892

2022 Avg (December) 2727.5401

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2809.7398	2752.2020	2782.2591
February	2820.0986	2738.0543	2768.3180
March	2851.0025	2736.1438	2789.3908
April	2848.4127	2793.8224	2813.8904
May	2813.0017	2755.2527	2783.3592
June	2781.2829	2702.6304	2752.8540
July	2777.8903	2702.6304	2743.5234
August	2766.2283	2680.3544	2725.3370
September	2761.0528	2730.7559	2744.4528
October	2770.5356	2720.2953	2741.7996
November	2855.5689	2760.8340	2801.9397
December	2865.0694	2815.6699	2838.4892