2023 IRR to UGX Historical Review

YEARLY HIGH

0.0907 UGX

YEARLY LOW

0.0847 UGX

YEARLY AVERAGE

0.0882 UGX

2023 IRR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IRR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 24, valuing the pair at 0.0907. Conversely, the yearly low was recorded on August 6, dropping to 0.0847.

This high-to-low spread represents a total annual volatility of 0.0060 UGX. From a start-to-finish perspective, comparing the January average rate of 0.0880 to the December average rate of 0.0895, the exchange rate registered a net change of 1.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0907 was down 1.52% compared to the 2022 peak of 0.0921, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 453 UGX

2022 Average 437 UGX

Yearly Trough Low 424 UGX

Transaction Impact: A difference of 29.91 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0898

0.0864

JanuMarcMayJulySeptNove

IRR 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 0.0881, compared to 0.0883 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0881

H2 Avg (Jul–Dec) 0.0883

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0039 UGX (High: 0.0886 / Low: 0.0847). On the other end, December was the most stable month, with a tight range of 0.0012 UGX (High: 0.0902 / Low: 0.0889).

August Spread (Volatile) ±0.0039

December Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0010 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0886) against the same month in 2022 (average: 0.0850), the exchange rate shifted by +0.0037 (+4.33%).

2023 Avg (March) 0.0886

2022 Avg (March) 0.0850

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0892	0.0871	0.0880
February	0.0883	0.0867	0.0873
March	0.0907	0.0874	0.0886
April	0.0895	0.0879	0.0886
May	0.0893	0.0878	0.0882
June	0.0888	0.0864	0.0876
July	0.0875	0.0850	0.0867
August	0.0886	0.0847	0.0871
September	0.0892	0.0879	0.0885
October	0.0896	0.0882	0.0888
November	0.0904	0.0888	0.0894
December	0.0902	0.0889	0.0895