2023 MDL to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MDL to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MDL to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 219.0239. Conversely, the yearly low was recorded on January 15, dropping to 191.8901.
This high-to-low spread represents a total annual volatility of 27.1339 UGX. From a start-to-finish perspective, comparing the January average rate of 194.4063 to the December average rate of 214.8122, the exchange rate registered a net change of 10.50% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 219.0239 was up 8.56% compared to the 2022 peak of 201.7550, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MDL 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 202.6548, compared to 209.0523 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.3976 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 11.7013 UGX (High: 211.9620 / Low: 200.2608). On the other end, October was the most stable month, with a tight range of 3.5947 UGX (High: 208.9527 / Low: 205.3580).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 2.7509 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 214.8122) against the same month in 2022 (average: 190.8001), the exchange rate shifted by +24.0120 (+12.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 196.9583 | 191.8901 | 194.4063 |
| February | 198.4613 | 193.5592 | 196.4132 |
| March | 206.0984 | 197.0157 | 200.8623 |
| April | 209.5432 | 205.3484 | 207.5084 |
| May | 212.8629 | 207.9045 | 209.7446 |
| June | 211.3100 | 200.5530 | 206.9938 |
| July | 211.9620 | 200.2608 | 204.6283 |
| August | 213.1736 | 204.2395 | 208.2032 |
| September | 210.0889 | 206.0736 | 208.0143 |
| October | 208.9527 | 205.3580 | 206.9765 |
| November | 216.0645 | 208.4971 | 211.6796 |
| December | 219.0239 | 211.9720 | 214.8122 |