2023 COP to UGX Historical Review

YEARLY HIGH

0.9843 UGX

YEARLY LOW

0.7447 UGX

YEARLY AVERAGE

0.8656 UGX

2023 COP to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the COP to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.9843. Conversely, the yearly low was recorded on February 19, dropping to 0.7447.

This high-to-low spread represents a total annual volatility of 0.2396 UGX. From a start-to-finish perspective, comparing the January average rate of 0.7838 to the December average rate of 0.9558, the exchange rate registered a net change of 21.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9843 was down 1.71% compared to the 2022 peak of 1.0015, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,921,656 UGX

2022 Average 4,360,584 UGX

Yearly Trough Low 3,723,456 UGX

Transaction Impact: A difference of 1,198,199.40 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9745

0.7504

JanuMarcMayJulySeptNove

COP 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 0.8112, compared to 0.9201 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1089 points.

H1 Avg (Jan–Jun) 0.8112

H2 Avg (Jul–Dec) 0.9201

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0795 UGX (High: 0.9434 / Low: 0.8639). On the other end, December was the most stable month, with a tight range of 0.0427 UGX (High: 0.9843 / Low: 0.9416).

August Spread (Volatile) ±0.0795

December Spread (Stable) ±0.0427

Growth Streaks & Declines

Trends

Between May and September, 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 September and October, when the average rate fell by 0.0434 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0434

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.9558) against the same month in 2022 (average: 0.7699), the exchange rate shifted by +0.1859 (+24.15%).

2023 Avg (December) 0.9558

2022 Avg (December) 0.7699

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8218	0.7505	0.7838
February	0.8031	0.7447	0.7691
March	0.8215	0.7653	0.7856
April	0.8499	0.8048	0.8257
May	0.8608	0.7954	0.8209
June	0.9019	0.8468	0.8820
July	0.9298	0.8730	0.9010
August	0.9434	0.8639	0.9040
September	0.9589	0.9056	0.9328
October	0.9238	0.8582	0.8894
November	0.9599	0.9166	0.9374
December	0.9843	0.9416	0.9558