2023 DJF to UGX Historical Review

YEARLY HIGH

21.4688 UGX

YEARLY LOW

20.1308 UGX

YEARLY AVERAGE

20.9382 UGX

2023 DJF to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DJF to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 21.4688. Conversely, the yearly low was recorded on August 3, dropping to 20.1308.

This high-to-low spread represents a total annual volatility of 1.3380 UGX. From a start-to-finish perspective, comparing the January average rate of 20.7699 to the December average rate of 21.2340, the exchange rate registered a net change of 2.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.4688 was down 1.57% compared to the 2022 peak of 21.8112, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 107,344 UGX

2022 Average 103,648 UGX

Yearly Trough Low 100,654 UGX

Transaction Impact: A difference of 6,690.08 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.3329

20.5406

JanuMarcMayJulySeptNove

DJF 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 20.8932, compared to 20.9832 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0901 points.

H1 Avg (Jan–Jun) 20.8932

H2 Avg (Jul–Dec) 20.9832

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.8992 UGX (High: 21.0300 / Low: 20.1308). On the other end, October was the most stable month, with a tight range of 0.2705 UGX (High: 21.2630 / Low: 20.9926).

August Spread (Volatile) ±0.8992

October Spread (Stable) ±0.2705

Growth Streaks & Declines

Trends

Between July and November, 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 June and July, when the average rate fell by 0.2087 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2087

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 21.2669) against the same month in 2022 (average: 21.1280), the exchange rate shifted by +0.1389 (+0.66%).

2023 Avg (November) 21.2669

2022 Avg (November) 21.1280

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.0243	20.5923	20.7699
February	20.9426	20.5344	20.7149
March	21.3041	20.7964	21.0347
April	21.2657	20.9325	21.0716
May	21.2461	20.8638	20.9527
June	21.0858	20.6047	20.8153
July	20.7855	20.2534	20.6066
August	21.0300	20.1308	20.6897
September	21.1681	20.8602	21.0031
October	21.2630	20.9926	21.0992
November	21.4688	21.1262	21.2669
December	21.4306	21.0639	21.2340