2023 DKK to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 DKK to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the DKK to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 562.6271. Conversely, the yearly low was recorded on February 19, dropping to 523.5367.
This high-to-low spread represents a total annual volatility of 39.0904 UGX. From a start-to-finish perspective, comparing the January average rate of 535.2184 to the December average rate of 553.8677, the exchange rate registered a net change of 3.48% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 562.6271 was up 3.23% compared to the 2022 peak of 545.0035, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DKK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
DKK 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 539.2183, compared to 541.7676 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.5493 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 29.7207 UGX (High: 554.2181 / Low: 524.4974). On the other end, September was the most stable month, with a tight range of 9.2783 UGX (High: 538.9094 / Low: 529.6311).
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 7.1506 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 553.8677) against the same month in 2022 (average: 525.0104), the exchange rate shifted by +28.8573 (+5.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 541.0033 | 527.9359 | 535.2184 |
| February | 545.4810 | 523.5367 | 529.7171 |
| March | 554.2181 | 524.4974 | 537.3552 |
| April | 557.4637 | 544.3576 | 550.5285 |
| May | 553.1156 | 536.8179 | 543.3778 |
| June | 546.6615 | 534.7428 | 539.1132 |
| July | 552.6713 | 532.6651 | 543.2853 |
| August | 549.8906 | 529.2953 | 538.7172 |
| September | 538.9094 | 529.6311 | 535.2536 |
| October | 536.3624 | 525.2003 | 531.4174 |
| November | 561.2105 | 536.6259 | 548.0645 |
| December | 562.6271 | 544.3415 | 553.8677 |