2023 HNL to UGX Historical Review

YEARLY HIGH

154.6540 UGX

YEARLY LOW

146.1828 UGX

YEARLY AVERAGE

150.9820 UGX

2023 HNL to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 154.6540. Conversely, the yearly low was recorded on August 3, dropping to 146.1828.

This high-to-low spread represents a total annual volatility of 8.4712 UGX. From a start-to-finish perspective, comparing the January average rate of 149.6732 to the December average rate of 153.0244, the exchange rate registered a net change of 2.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 154.6540 was down 2.25% compared to the 2022 peak of 158.2196, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 773,270 UGX

2022 Average 749,800 UGX

Yearly Trough Low 730,914 UGX

Transaction Impact: A difference of 42,355.89 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

153.5577

148.2169

JanuMarcMayJulySeptNove

HNL 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 150.7694, compared to 151.1945 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4252 points.

H1 Avg (Jan–Jun) 150.7694

H2 Avg (Jul–Dec) 151.1945

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 5.5771 UGX (High: 151.7600 / Low: 146.1828). On the other end, April was the most stable month, with a tight range of 2.3112 UGX (High: 153.8119 / Low: 151.5007).

August Spread (Volatile) ±5.5771

April Spread (Stable) ±2.3112

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 June and July, when the average rate fell by 1.4524 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.4524

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 153.1127) against the same month in 2022 (average: 151.5424), the exchange rate shifted by +1.5702 (+1.04%).

2023 Avg (November) 153.1127

2022 Avg (November) 151.5424

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	151.1509	148.6154	149.6732
February	151.0885	148.3284	149.5582
March	153.7084	149.9878	151.7122
April	153.8119	151.5007	152.2448
May	153.2937	150.7768	151.3135
June	152.5814	148.3614	150.1143
July	150.0905	146.7631	148.6619
August	151.7600	146.1828	149.5112
September	152.4937	149.4035	150.9314
October	152.9662	150.3311	151.9257
November	154.6540	151.9791	153.1127
December	154.2236	151.8643	153.0244