2023 JPY to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 JPY to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the JPY to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 25, valuing the pair at 28.8793. Conversely, the yearly low was recorded on November 11, dropping to 24.7897.
This high-to-low spread represents a total annual volatility of 4.0896 UGX. From a start-to-finish perspective, comparing the January average rate of 28.3619 to the December average rate of 26.3263, the exchange rate registered a net change of -7.18% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 28.8793 was down 7.82% compared to the 2022 peak of 31.3299, indicating shifts in long-term support levels.
Comparing the value generated converting 500,000 JPY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
JPY to UGX Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 27.5726, compared to 25.5489 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.0237 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 1.9415 UGX (High: 28.8793 / Low: 26.9378). On the other end, October was the most stable month, with a tight range of 0.2933 UGX (High: 25.2781 / Low: 24.9848).
Growth Streaks & Declines
TrendsBetween 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 May and June, when the average rate fell by 0.9405 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 27.9824) against the same month in 2022 (average: 30.2877), the exchange rate shifted by -2.3053 (-7.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 28.7112 | 27.9749 | 28.3619 |
| February | 28.6511 | 27.1693 | 27.6856 |
| March | 28.8793 | 26.9378 | 27.9824 |
| April | 28.8145 | 27.3829 | 28.0273 |
| May | 27.7393 | 26.5045 | 27.1594 |
| June | 27.0254 | 25.3069 | 26.2189 |
| July | 26.5764 | 25.2515 | 25.9394 |
| August | 25.8498 | 24.9727 | 25.4194 |
| September | 25.4463 | 25.1435 | 25.2956 |
| October | 25.2781 | 24.9848 | 25.0924 |
| November | 25.8522 | 24.7897 | 25.2203 |
| December | 26.8551 | 25.7773 | 26.3263 |