2023 FKP to UGX Historical Review

YEARLY HIGH

4836.9692 UGX

YEARLY LOW

4377.1380 UGX

YEARLY AVERAGE

4630.6339 UGX

2023 FKP to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 4836.9692. Conversely, the yearly low was recorded on March 7, dropping to 4377.1380.

This high-to-low spread represents a total annual volatility of 459.8312 UGX. From a start-to-finish perspective, comparing the January average rate of 4520.1018 to the December average rate of 4789.9249, the exchange rate registered a net change of 5.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 4836.9692 was down 0.01% compared to the 2022 peak of 4837.2307, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 24,184,846 UGX

2022 Average 22,781,067 UGX

Yearly Trough Low 21,885,690 UGX

Transaction Impact: A difference of 2,299,155.83 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4824.1229

4413.7470

JanuMarcMayJulySeptNove

FKP 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 4582.3408, compared to 4678.9270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 96.5863 points.

H1 Avg (Jan–Jun) 4582.3408

H2 Avg (Jul–Dec) 4678.9270

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 312.1340 UGX (High: 4689.2720 / Low: 4377.1380). On the other end, October was the most stable month, with a tight range of 103.8948 UGX (High: 4622.6758 / Low: 4518.7810).

March Spread (Volatile) ±312.1340

October Spread (Stable) ±103.8948

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 January and February, when the average rate fell by 72.1568 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -72.1568

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 4789.9249) against the same month in 2022 (average: 4488.7941), the exchange rate shifted by +301.1309 (+6.71%).

2023 Avg (December) 4789.9249

2022 Avg (December) 4488.7941

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4573.7812	4444.2165	4520.1018
February	4564.5210	4389.7209	4447.9450
March	4689.2720	4377.1380	4536.6052
April	4727.7027	4606.2565	4658.4159
May	4711.4767	4593.1067	4649.5340
June	4732.5992	4621.9081	4681.4426
July	4817.1814	4628.2187	4715.1334
August	4758.5679	4569.6742	4674.9445
September	4698.3889	4561.4398	4631.3001
October	4622.6758	4518.7810	4567.1883
November	4833.4025	4591.2678	4695.0710
December	4836.9692	4731.1410	4789.9249