2023 EUR to UGX Historical Review

YEARLY HIGH

4193.6963 UGX

YEARLY LOW

3898.8845 UGX

YEARLY AVERAGE

4029.8190 UGX

2023 EUR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 4193.6963. Conversely, the yearly low was recorded on February 19, dropping to 3898.8845.

This high-to-low spread represents a total annual volatility of 294.8118 UGX. From a start-to-finish perspective, comparing the January average rate of 3982.5092 to the December average rate of 4130.8203, the exchange rate registered a net change of 3.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 4193.6963 was up 3.43% compared to the 2022 peak of 4054.5669, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 20,968,481 UGX

2022 Average 19,416,839 UGX

Yearly Trough Low 19,494,422 UGX

Transaction Impact: A difference of 1,474,058.93 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4149.3195

3927.3292

JanuMarcMayJulySeptNove

EUR 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 4019.5518, compared to 4040.0862 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 20.5344 points.

H1 Avg (Jan–Jun) 4019.5518

H2 Avg (Jul–Dec) 4040.0862

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 224.1572 UGX (High: 4128.2153 / Low: 3904.0581). On the other end, September was the most stable month, with a tight range of 67.9394 UGX (High: 4016.7068 / Low: 3948.7674).

March Spread (Volatile) ±224.1572

September Spread (Stable) ±67.9394

Growth Streaks & Declines

Trends

Between 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 58.6079 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -58.6079

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 4130.8203) against the same month in 2022 (average: 3906.9381), the exchange rate shifted by +223.8822 (+5.73%).

2023 Avg (December) 4130.8203

2022 Avg (December) 3906.9381

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4024.5832	3925.9560	3982.5092
February	4057.9055	3898.8845	3945.8284
March	4128.2153	3904.0581	4004.3811
April	4156.3468	4055.6446	4113.0540
May	4170.0742	3999.7542	4054.4461
June	4071.7264	3982.3302	4017.0917
July	4122.0899	3969.4419	4048.5866
August	4097.7109	3943.8215	4015.5238
September	4016.7068	3948.7674	3992.4981
October	4003.3017	3917.3129	3965.0200
November	4183.7138	4005.5881	4088.0684
December	4193.6963	4062.0939	4130.8203