2023 KRW to UGX Historical Review

YEARLY HIGH

3.0147 UGX

YEARLY LOW

2.7196 UGX

YEARLY AVERAGE

2.8521 UGX

2023 KRW to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KRW to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 3.0147. Conversely, the yearly low was recorded on August 12, dropping to 2.7196.

This high-to-low spread represents a total annual volatility of 0.2951 UGX. From a start-to-finish perspective, comparing the January average rate of 2.9713 to the December average rate of 2.9059, the exchange rate registered a net change of -2.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0147 was down 1.03% compared to the 2022 peak of 3.0461, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,073,254 UGX

2022 Average 14,306,800 UGX

Yearly Trough Low 13,597,873 UGX

Transaction Impact: A difference of 1,475,380.85 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9906

2.7599

JanuMarcMayJulySeptNove

KRW 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 2.8693, compared to 2.8350 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0343 points.

H1 Avg (Jan–Jun) 2.8693

H2 Avg (Jul–Dec) 2.8350

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1987 UGX (High: 3.0147 / Low: 2.8160). On the other end, October was the most stable month, with a tight range of 0.0525 UGX (High: 2.8036 / Low: 2.7511).

February Spread (Volatile) ±0.1987

October Spread (Stable) ±0.0525

Growth Streaks & Declines

Trends

Between October and December, 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 0.0893 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0893

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.8820) against the same month in 2022 (average: 2.9348), the exchange rate shifted by -0.0528 (-1.80%).

2023 Avg (February) 2.8820

2022 Avg (February) 2.9348

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9974	2.9146	2.9713
February	3.0147	2.8160	2.8820
March	2.9301	2.7999	2.8636
April	2.8868	2.7913	2.8325
May	2.8583	2.7638	2.8063
June	2.9352	2.7689	2.8599
July	2.8976	2.7701	2.8493
August	2.8170	2.7196	2.7809
September	2.8330	2.7783	2.8030
October	2.8036	2.7511	2.7791
November	2.9516	2.8064	2.8915
December	2.9462	2.8615	2.9059