2023 ISK to UGX Historical Review

YEARLY HIGH

28.5655 UGX

YEARLY LOW

25.3055 UGX

YEARLY AVERAGE

27.0173 UGX

2023 ISK to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 28.5655. Conversely, the yearly low was recorded on February 19, dropping to 25.3055.

This high-to-low spread represents a total annual volatility of 3.2600 UGX. From a start-to-finish perspective, comparing the January average rate of 25.8358 to the December average rate of 27.4355, the exchange rate registered a net change of 6.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 28.5655 was down 3.99% compared to the 2022 peak of 29.7532, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 142,827 UGX

2022 Average 136,527 UGX

Yearly Trough Low 126,528 UGX

Transaction Impact: A difference of 16,299.78 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

28.1355

25.5565

JanuMarcMayJulySeptNove

ISK 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 26.5892, compared to 27.4453 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8561 points.

H1 Avg (Jan–Jun) 26.5892

H2 Avg (Jul–Dec) 27.4453

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.8290 UGX (High: 27.8737 / Low: 26.0447). On the other end, October was the most stable month, with a tight range of 0.5048 UGX (High: 27.3469 / Low: 26.8420).

March Spread (Volatile) ±1.8290

October Spread (Stable) ±0.5048

Growth Streaks & Declines

Trends

Between February and April, 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 0.5548 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5548

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 27.9206) against the same month in 2022 (average: 27.6694), the exchange rate shifted by +0.2512 (+0.91%).

2023 Avg (August) 27.9206

2022 Avg (August) 27.6694

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	26.2696	25.5745	25.8358
February	26.4347	25.3055	25.7714
March	27.8737	26.0447	26.7143
April	27.8162	27.0908	27.4223
May	27.4550	26.4684	26.9167
June	27.5316	26.4680	26.8747
July	28.1008	26.7478	27.5950
August	28.5655	27.1815	27.9206
September	28.1954	27.2537	27.6315
October	27.3469	26.8420	27.0768
November	27.7614	26.2556	27.0125
December	27.9304	27.0011	27.4355