2023 GYD to UGX Historical Review

YEARLY HIGH

18.2460 UGX

YEARLY LOW

17.2312 UGX

YEARLY AVERAGE

17.7194 UGX

2023 GYD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GYD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 18.2460. Conversely, the yearly low was recorded on August 3, dropping to 17.2312.

This high-to-low spread represents a total annual volatility of 1.0148 UGX. From a start-to-finish perspective, comparing the January average rate of 17.6058 to the December average rate of 18.0520, the exchange rate registered a net change of 2.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.2460 was down 1.62% compared to the 2022 peak of 18.5459, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 91,230 UGX

2022 Average 88,183 UGX

Yearly Trough Low 86,156 UGX

Transaction Impact: A difference of 5,073.86 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.1277

17.3861

JanuMarcMayJulySeptNove

GYD 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 17.6113, compared to 17.8275 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2161 points.

H1 Avg (Jan–Jun) 17.6113

H2 Avg (Jul–Dec) 17.8275

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.6391 UGX (High: 17.8703 / Low: 17.2312). On the other end, December was the most stable month, with a tight range of 0.2212 UGX (High: 18.1764 / Low: 17.9552).

August Spread (Volatile) ±0.6391

December Spread (Stable) ±0.2212

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1344 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1344

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 18.0659) against the same month in 2022 (average: 17.9621), the exchange rate shifted by +0.1038 (+0.58%).

2023 Avg (November) 18.0659

2022 Avg (November) 17.9621

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.8284	17.4162	17.6058
February	17.6542	17.3597	17.4714
March	17.9628	17.5444	17.7363
April	17.8605	17.6347	17.7083
May	17.8749	17.5742	17.6279
June	17.7472	17.3287	17.5183
July	17.6366	17.2647	17.4479
August	17.8703	17.2312	17.5854
September	18.0163	17.7651	17.8727
October	18.0907	17.8539	17.9409
November	18.2460	17.8790	18.0659
December	18.1764	17.9552	18.0520