2023 CAD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CAD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CAD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2863.8630. Conversely, the yearly low was recorded on March 10, dropping to 2668.1704.
This high-to-low spread represents a total annual volatility of 195.6926 UGX. From a start-to-finish perspective, comparing the January average rate of 2750.9629 to the December average rate of 2820.0783, the exchange rate registered a net change of 2.51% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 2863.8630 was down 5.43% compared to the 2022 peak of 3028.4142, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CAD 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 2754.9923, compared to 2761.4805 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.4883 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 131.3359 UGX (High: 2799.5063 / Low: 2668.1704). On the other end, January was the most stable month, with a tight range of 47.7362 UGX (High: 2771.0991 / Low: 2723.3630).
Growth Streaks & Declines
TrendsBetween October and December, 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 July and August, when the average rate fell by 37.7749 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 2820.0783) against the same month in 2022 (average: 2710.3056), the exchange rate shifted by +109.7727 (+4.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2771.0991 | 2723.3630 | 2750.9629 |
| February | 2775.8435 | 2706.6108 | 2739.6611 |
| March | 2799.5063 | 2668.1704 | 2727.7095 |
| April | 2814.3473 | 2732.8760 | 2769.1889 |
| May | 2790.2631 | 2716.5567 | 2754.5523 |
| June | 2814.6566 | 2765.2108 | 2787.8789 |
| July | 2798.2225 | 2717.0481 | 2767.2675 |
| August | 2785.9782 | 2679.8938 | 2729.4926 |
| September | 2797.5141 | 2732.3801 | 2759.3058 |
| October | 2776.6238 | 2712.1204 | 2736.5951 |
| November | 2816.0583 | 2721.6273 | 2756.1440 |
| December | 2863.8630 | 2773.7047 | 2820.0783 |