2023 DOP to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 DOP to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the DOP to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on May 31, valuing the pair at 69.2573. Conversely, the yearly low was recorded on August 12, dropping to 63.7689.
This high-to-low spread represents a total annual volatility of 5.4884 UGX. From a start-to-finish perspective, comparing the January average rate of 65.2400 to the December average rate of 65.9664, the exchange rate registered a net change of 1.11% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 69.2573 was down 4.73% compared to the 2022 peak of 72.6965, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
DOP 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 67.1929, compared to 65.8483 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3446 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 2.5520 UGX (High: 66.8924 / Low: 64.3404). On the other end, October was the most stable month, with a tight range of 0.7454 UGX (High: 66.5601 / Low: 65.8147).
Growth Streaks & Declines
TrendsBetween January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 1.9015 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 68.3365) against the same month in 2022 (average: 65.7801), the exchange rate shifted by +2.5564 (+3.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 66.3125 | 64.5266 | 65.2400 |
| February | 66.9961 | 64.9969 | 65.6315 |
| March | 69.1246 | 66.7814 | 68.0098 |
| April | 69.0963 | 67.9525 | 68.4276 |
| May | 69.2573 | 68.1527 | 68.3365 |
| June | 68.6538 | 66.2661 | 67.5121 |
| July | 66.8924 | 64.3404 | 65.6106 |
| August | 65.9103 | 63.7689 | 65.0004 |
| September | 66.4404 | 65.3162 | 65.8771 |
| October | 66.5601 | 65.8147 | 66.0697 |
| November | 67.1376 | 66.0828 | 66.5657 |
| December | 66.9118 | 65.0898 | 65.9664 |