2023 LKR to UGX Historical Review

YEARLY HIGH

12.8865 UGX

YEARLY LOW

10.0044 UGX

YEARLY AVERAGE

11.3688 UGX

2023 LKR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on June 3, valuing the pair at 12.8865. Conversely, the yearly low was recorded on January 13, dropping to 10.0044.

This high-to-low spread represents a total annual volatility of 2.8821 UGX. From a start-to-finish perspective, comparing the January average rate of 10.0948 to the December average rate of 11.5741, the exchange rate registered a net change of 14.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.8865 was down 27.99% compared to the 2022 peak of 17.8965, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 64,432 UGX

2022 Average 59,506 UGX

Yearly Trough Low 50,022 UGX

Transaction Impact: A difference of 14,410.29 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.4660

9.8792

JanuMarcMayJulySeptNove

LKR 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 11.2159, compared to 11.5218 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3059 points.

H1 Avg (Jan–Jun) 11.2159

H2 Avg (Jul–Dec) 11.5218

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.6295 UGX (High: 11.7944 / Low: 10.1648). On the other end, September was the most stable month, with a tight range of 0.1244 UGX (High: 11.6311 / Low: 11.5067).

March Spread (Volatile) ±1.6295

September Spread (Stable) ±0.1244

Growth Streaks & Declines

Trends

Between January and June, 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 0.7762 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.7762

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 12.2504) against the same month in 2022 (average: 10.4219), the exchange rate shifted by +1.8286 (+17.55%).

2023 Avg (June) 12.2504

2022 Avg (June) 10.4219

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.2050	10.0044	10.0948
February	10.2898	10.0327	10.0995
March	11.7944	10.1648	11.1897
April	11.8127	11.3986	11.6262
May	12.8551	11.6234	12.0349
June	12.8865	11.5916	12.2504
July	12.0594	10.9531	11.4743
August	11.6206	11.1521	11.4394
September	11.6311	11.5067	11.5688
October	11.5985	11.4656	11.5481
November	11.6325	11.4523	11.5260
December	11.6708	11.4936	11.5741