2023 HUF to UGX Historical Review

YEARLY HIGH

11.1099 UGX

YEARLY LOW

9.8252 UGX

YEARLY AVERAGE

10.5579 UGX

2023 HUF to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HUF to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on April 26, valuing the pair at 11.1099. Conversely, the yearly low was recorded on January 3, dropping to 9.8252.

This high-to-low spread represents a total annual volatility of 1.2847 UGX. From a start-to-finish perspective, comparing the January average rate of 10.0877 to the December average rate of 10.8190, the exchange rate registered a net change of 7.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.1099 was down 2.77% compared to the 2022 peak of 11.4265, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 11,109,931 UGX

2022 Average 9,960,438 UGX

Yearly Trough Low 9,825,226 UGX

Transaction Impact: A difference of 1,284,705.04 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.0116

10.0037

JanuMarcMayJulySeptNove

HUF 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 10.5634, compared to 10.5524 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0109 points.

H1 Avg (Jan–Jun) 10.5634

H2 Avg (Jul–Dec) 10.5524

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.9527 UGX (High: 10.8589 / Low: 9.9062). On the other end, June was the most stable month, with a tight range of 0.2855 UGX (High: 11.0105 / Low: 10.7251).

March Spread (Volatile) ±0.9527

June Spread (Stable) ±0.2855

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.2463 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2463

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 10.9276) against the same month in 2022 (average: 10.2355), the exchange rate shifted by +0.6921 (+6.76%).

2023 Avg (April) 10.9276

2022 Avg (April) 10.2355

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.3971	9.8252	10.0877
February	10.4520	9.9875	10.2600
March	10.8589	9.9062	10.3941
April	11.1099	10.6743	10.9276
May	11.0502	10.6888	10.8734
June	11.0105	10.7251	10.8374
July	11.0209	10.2696	10.6752
August	10.7227	10.0335	10.4289
September	10.5055	10.0581	10.3253
October	10.4862	10.0501	10.2834
November	11.0859	10.4447	10.7827
December	10.9563	10.6416	10.8190