2023 MGA to UGX Historical Review

YEARLY HIGH

0.8773 UGX

YEARLY LOW

0.7990 UGX

YEARLY AVERAGE

0.8371 UGX

2023 MGA to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 29, valuing the pair at 0.8773. Conversely, the yearly low was recorded on August 3, dropping to 0.7990.

This high-to-low spread represents a total annual volatility of 0.0783 UGX. From a start-to-finish perspective, comparing the January average rate of 0.8398 to the December average rate of 0.8253, the exchange rate registered a net change of -1.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8773 was down 7.09% compared to the 2022 peak of 0.9442, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,386 UGX

2022 Average 4,470 UGX

Yearly Trough Low 3,995 UGX

Transaction Impact: A difference of 391.50 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8724

0.8082

JanuMarcMayJulySeptNove

MGA 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 0.8490, compared to 0.8252 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0238 points.

H1 Avg (Jan–Jun) 0.8490

H2 Avg (Jul–Dec) 0.8252

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0535 UGX (High: 0.8652 / Low: 0.8118). On the other end, September was the most stable month, with a tight range of 0.0114 UGX (High: 0.8354 / Low: 0.8239).

January Spread (Volatile) ±0.0535

September Spread (Stable) ±0.0114

Growth Streaks & Declines

Trends

Between January and March, 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 May and June, when the average rate fell by 0.0188 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0188

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.8670) against the same month in 2022 (average: 0.8933), the exchange rate shifted by -0.0263 (-2.94%).

2023 Avg (March) 0.8670

2022 Avg (March) 0.8933

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8652	0.8118	0.8398
February	0.8689	0.8479	0.8578
March	0.8773	0.8576	0.8670
April	0.8712	0.8460	0.8550
May	0.8563	0.8430	0.8466
June	0.8531	0.8068	0.8279
July	0.8238	0.8031	0.8135
August	0.8359	0.7990	0.8177
September	0.8354	0.8239	0.8291
October	0.8357	0.8235	0.8288
November	0.8449	0.8311	0.8369
December	0.8453	0.8167	0.8253