2023 LSL to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 LSL to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the LSL to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 220.8988. Conversely, the yearly low was recorded on May 30, dropping to 189.4376.
This high-to-low spread represents a total annual volatility of 31.4612 UGX. From a start-to-finish perspective, comparing the January average rate of 215.8562 to the December average rate of 202.5851, the exchange rate registered a net change of -6.15% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 220.8988 was down 10.80% compared to the 2022 peak of 247.6416, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LSL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
LSL 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 204.4353, compared to 199.4483 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.9870 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 15.8141 UGX (High: 208.4734 / Low: 192.6593). On the other end, September was the most stable month, with a tight range of 6.9516 UGX (High: 200.8118 / Low: 193.8602).
Growth Streaks & Declines
TrendsBetween May and July, 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 April and May, when the average rate fell by 10.5711 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 215.8562) against the same month in 2022 (average: 227.9618), the exchange rate shifted by -12.1056 (-5.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 220.8988 | 211.5188 | 215.8562 |
| February | 215.5448 | 201.3133 | 206.0194 |
| March | 211.0135 | 199.0270 | 204.5981 |
| April | 211.9111 | 202.9900 | 206.4008 |
| May | 203.5652 | 189.4376 | 195.8297 |
| June | 203.4145 | 189.6148 | 197.9079 |
| July | 207.8171 | 192.9339 | 200.9846 |
| August | 201.4797 | 190.5553 | 195.8046 |
| September | 200.8118 | 193.8602 | 197.2112 |
| October | 201.3773 | 192.1216 | 196.9445 |
| November | 208.4734 | 192.6593 | 203.1601 |
| December | 207.5641 | 197.6487 | 202.5851 |