2023 EGP to UGX Historical Review

YEARLY HIGH

150.7756 UGX

YEARLY LOW

116.4233 UGX

YEARLY AVERAGE

121.5688 UGX

2023 EGP to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 150.7756. Conversely, the yearly low was recorded on August 3, dropping to 116.4233.

This high-to-low spread represents a total annual volatility of 34.3523 UGX. From a start-to-finish perspective, comparing the January average rate of 129.5851 to the December average rate of 122.3856, the exchange rate registered a net change of -5.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 150.7756 was down 34.57% compared to the 2022 peak of 230.4479, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 753,878 UGX

2022 Average 976,756 UGX

Yearly Trough Low 582,117 UGX

Transaction Impact: A difference of 171,761.50 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

130.6871

117.4634

JanuMarcMayJulySeptNove

EGP 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 122.3265, compared to 120.8112 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.5153 points.

H1 Avg (Jan–Jun) 122.3265

H2 Avg (Jul–Dec) 120.8112

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 28.5843 UGX (High: 150.7756 / Low: 122.1913). On the other end, October was the most stable month, with a tight range of 1.3606 UGX (High: 122.3569 / Low: 120.9963).

January Spread (Volatile) ±28.5843

October Spread (Stable) ±1.3606

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 8.5955 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -8.5955

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 129.5851) against the same month in 2022 (average: 224.4981), the exchange rate shifted by -94.9131 (-42.28%).

2023 Avg (January) 129.5851

2022 Avg (January) 224.4981

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	150.7756	122.1913	129.5851
February	122.8569	119.3114	120.9896
March	123.0069	119.6713	121.2932
April	122.4710	120.0304	121.3552
May	122.8791	120.0585	120.8334
June	121.6059	118.3882	119.9024
July	119.6903	116.8304	118.5653
August	120.9980	116.4233	119.1050
September	121.9724	120.1423	121.0059
October	122.3569	120.9963	121.4936
November	123.5370	121.5616	122.3118
December	123.2274	121.6149	122.3856