2023 IQD to UGX Historical Review

YEARLY HIGH

2.9159 UGX

YEARLY LOW

2.5081 UGX

YEARLY AVERAGE

2.7466 UGX

2023 IQD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 2.9159. Conversely, the yearly low was recorded on January 13, dropping to 2.5081.

This high-to-low spread represents a total annual volatility of 0.4078 UGX. From a start-to-finish perspective, comparing the January average rate of 2.5292 to the December average rate of 2.8853, the exchange rate registered a net change of 14.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9159 was up 9.58% compared to the 2022 peak of 2.6609, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,580 UGX

2022 Average 12,640 UGX

Yearly Trough Low 12,541 UGX

Transaction Impact: A difference of 2,038.93 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9251

2.4894

JanuMarcMayJulySeptNove

IQD 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 2.6425, compared to 2.8506 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2081 points.

H1 Avg (Jan–Jun) 2.6425

H2 Avg (Jul–Dec) 2.8506

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.3320 UGX (High: 2.8853 / Low: 2.5534). On the other end, December was the most stable month, with a tight range of 0.0346 UGX (High: 2.9038 / Low: 2.8692).

May Spread (Volatile) ±0.3320

December Spread (Stable) ±0.0346

Growth Streaks & Declines

Trends

Between February and June, 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 0.0310 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0310

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 2.8888) against the same month in 2022 (average: 2.5737), the exchange rate shifted by +0.3150 (+12.24%).

2023 Avg (November) 2.8888

2022 Avg (November) 2.5737

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5552	2.5081	2.5292
February	2.5522	2.5084	2.5257
March	2.5953	2.5358	2.5637
April	2.8372	2.5437	2.5814
May	2.8853	2.5534	2.8266
June	2.8636	2.7975	2.8287
July	2.8222	2.7573	2.7977
August	2.8542	2.7413	2.8105
September	2.8778	2.8377	2.8551
October	2.8890	2.8539	2.8665
November	2.9159	2.8697	2.8888
December	2.9038	2.8692	2.8853