2023 FJD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 FJD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the FJD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1728.4950. Conversely, the yearly low was recorded on August 3, dropping to 1591.2243.
This high-to-low spread represents a total annual volatility of 137.2707 UGX. From a start-to-finish perspective, comparing the January average rate of 1695.0549 to the December average rate of 1707.0932, the exchange rate registered a net change of 0.71% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1728.4950 was down 2.97% compared to the 2022 peak of 1781.4695, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FJD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
FJD 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 1681.8482, compared to 1658.7996 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 23.0485 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 76.5470 UGX (High: 1667.7713 / Low: 1591.2243). On the other end, October was the most stable month, with a tight range of 25.6482 UGX (High: 1659.4119 / Low: 1633.7637).
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 July and August, when the average rate fell by 19.2889 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 1707.0932) against the same month in 2022 (average: 1669.9456), the exchange rate shifted by +37.1476 (+2.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1712.8737 | 1674.7357 | 1695.0549 |
| February | 1710.3324 | 1647.5951 | 1680.5015 |
| March | 1716.0640 | 1652.0760 | 1684.8389 |
| April | 1721.6852 | 1667.3375 | 1691.2432 |
| May | 1698.0824 | 1656.8202 | 1674.9896 |
| June | 1680.8291 | 1626.3627 | 1664.4610 |
| July | 1682.6998 | 1617.2747 | 1650.7731 |
| August | 1667.7713 | 1591.2243 | 1631.4842 |
| September | 1663.3133 | 1634.9855 | 1646.3658 |
| October | 1659.4119 | 1633.7637 | 1644.9197 |
| November | 1710.6530 | 1637.1424 | 1672.1619 |
| December | 1728.4950 | 1684.9602 | 1707.0932 |