2023 KGS to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KGS to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KGS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 44.3877. Conversely, the yearly low was recorded on August 6, dropping to 40.8091.
This high-to-low spread represents a total annual volatility of 3.5786 UGX. From a start-to-finish perspective, comparing the January average rate of 43.1406 to the December average rate of 42.4274, the exchange rate registered a net change of -1.65% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 44.3877 was down 7.80% compared to the 2022 peak of 48.1430, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 KGS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
KGS 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 42.6717, compared to 42.1111 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5606 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 1.7321 UGX (High: 42.5412 / Low: 40.8091). On the other end, December was the most stable month, with a tight range of 0.4542 UGX (High: 42.6669 / Low: 42.2127).
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 January and February, when the average rate fell by 0.7453 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 43.1406) against the same month in 2022 (average: 41.6193), the exchange rate shifted by +1.5214 (+3.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 44.3877 | 42.6896 | 43.1406 |
| February | 43.1250 | 41.7440 | 42.3954 |
| March | 43.3447 | 42.2628 | 42.7465 |
| April | 43.2666 | 42.4443 | 42.7864 |
| May | 43.1428 | 42.4480 | 42.6024 |
| June | 42.8619 | 41.8371 | 42.3587 |
| July | 42.2267 | 41.0864 | 41.7378 |
| August | 42.5412 | 40.8091 | 41.7893 |
| September | 42.4894 | 41.9815 | 42.2266 |
| October | 42.4862 | 41.9244 | 42.1147 |
| November | 42.8170 | 41.9981 | 42.3708 |
| December | 42.6669 | 42.2127 | 42.4274 |