2023 CNY to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CNY to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CNY to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 552.7926. Conversely, the yearly low was recorded on August 11, dropping to 500.0229.
This high-to-low spread represents a total annual volatility of 52.7697 UGX. From a start-to-finish perspective, comparing the January average rate of 543.5910 to the December average rate of 531.2647, the exchange rate registered a net change of -2.27% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 552.7926 was down 4.16% compared to the 2022 peak of 576.7614, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 CNY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CNY 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 536.5224, compared to 517.0106 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 19.5118 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 24.6740 UGX (High: 529.9053 / Low: 505.2312). On the other end, September was the most stable month, with a tight range of 7.5962 UGX (High: 516.7047 / Low: 509.1085).
Growth Streaks & Declines
TrendsBetween August and December, 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 May and June, when the average rate fell by 15.4196 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 542.1734) against the same month in 2022 (average: 566.1064), the exchange rate shifted by -23.9330 (-4.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 547.3833 | 539.2480 | 543.5910 |
| February | 548.8156 | 531.3732 | 538.7505 |
| March | 552.7926 | 531.5629 | 542.1734 |
| April | 549.7791 | 540.1426 | 543.5012 |
| May | 540.3177 | 526.8009 | 533.2689 |
| June | 529.9053 | 505.2312 | 517.8493 |
| July | 513.3924 | 502.7722 | 509.4308 |
| August | 520.6243 | 500.0229 | 508.4053 |
| September | 516.7047 | 509.1085 | 512.6803 |
| October | 525.3914 | 510.6289 | 515.8781 |
| November | 538.8193 | 515.3248 | 524.4043 |
| December | 538.0752 | 526.3766 | 531.2647 |