2023 BWP to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BWP to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BWP to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 293.1706. Conversely, the yearly low was recorded on August 9, dropping to 267.3934.
This high-to-low spread represents a total annual volatility of 25.7772 UGX. From a start-to-finish perspective, comparing the January average rate of 289.0126 to the December average rate of 280.0093, the exchange rate registered a net change of -3.12% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 293.1706 was down 7.44% compared to the 2022 peak of 316.7277, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BWP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BWP 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 281.8413, compared to 276.0123 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.8290 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 12.9039 UGX (High: 289.1820 / Low: 276.2781). On the other end, September was the most stable month, with a tight range of 4.6493 UGX (High: 276.5490 / Low: 271.8997).
Growth Streaks & Declines
TrendsBetween 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 8.4902 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 289.0126) against the same month in 2022 (average: 304.0077), the exchange rate shifted by -14.9951 (-4.93%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 293.1706 | 286.5640 | 289.0126 |
| February | 290.2851 | 277.4474 | 281.8190 |
| March | 289.1820 | 276.2781 | 282.7100 |
| April | 289.9046 | 282.0349 | 285.1948 |
| May | 282.8966 | 271.5680 | 276.7046 |
| June | 279.6163 | 271.9524 | 275.6069 |
| July | 280.9959 | 270.4547 | 276.5725 |
| August | 276.6604 | 267.3934 | 272.7751 |
| September | 276.5490 | 271.8997 | 273.9769 |
| October | 277.6231 | 269.6080 | 273.2180 |
| November | 282.9265 | 276.5176 | 279.5220 |
| December | 282.9282 | 276.6817 | 280.0093 |