2023 ILS to UGX Historical Review

YEARLY HIGH

1092.6132 UGX

YEARLY LOW

922.8562 UGX

YEARLY AVERAGE

1011.6991 UGX

2023 ILS to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 1092.6132. Conversely, the yearly low was recorded on October 21, dropping to 922.8562.

This high-to-low spread represents a total annual volatility of 169.7570 UGX. From a start-to-finish perspective, comparing the January average rate of 1072.0897 to the December average rate of 1032.1980, the exchange rate registered a net change of -3.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1092.6132 was down 8.10% compared to the 2022 peak of 1188.9363, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,463,066 UGX

2022 Average 5,496,404 UGX

Yearly Trough Low 4,614,281 UGX

Transaction Impact: A difference of 848,785.10 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1084.9446

930.6853

JanuMarcMayJulySeptNove

ILS 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 1034.8870, compared to 988.5112 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 46.3759 points.

H1 Avg (Jan–Jun) 1034.8870

H2 Avg (Jul–Dec) 988.5112

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 89.5037 UGX (High: 1032.1069 / Low: 942.6032). On the other end, September was the most stable month, with a tight range of 18.9786 UGX (High: 990.1268 / Low: 971.1483).

November Spread (Volatile) ±89.5037

September Spread (Stable) ±18.9786

Growth Streaks & Declines

Trends

Between October and December, 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 September and October, when the average rate fell by 36.1235 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -36.1235

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1072.0897) against the same month in 2022 (average: 1125.3775), the exchange rate shifted by -53.2878 (-4.74%).

2023 Avg (January) 1072.0897

2022 Avg (January) 1125.3775

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1092.6132	1050.7130	1072.0897
February	1087.7997	1013.6463	1040.7460
March	1063.4205	1010.8287	1033.7058
April	1057.8695	1011.5562	1029.8090
May	1029.3392	999.9654	1015.3431
June	1045.4521	989.4223	1017.6287
July	1021.3902	971.9714	998.7811
August	1003.9036	970.8024	982.9426
September	990.1268	971.1483	979.6638
October	989.2529	922.8562	943.5403
November	1032.1069	942.6032	993.9414
December	1051.7648	1017.3786	1032.1980