YEARLY HIGH
69.8147 UGX
YEARLY LOW
63.9991 UGX
YEARLY AVERAGE
66.9636 UGX

2023 PHP to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 29, valuing the pair at 69.8147. Conversely, the yearly low was recorded on August 12, dropping to 63.9991.

This high-to-low spread represents a total annual volatility of 5.8156 UGX. From a start-to-finish perspective, comparing the January average rate of 67.2073 to the December average rate of 68.1147, the exchange rate registered a net change of 1.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 69.8147 was down 3.57% compared to the 2022 peak of 72.3960, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 17,453,664 UGX
2022 Average 16,940,670 UGX
Yearly Trough Low 15,999,764 UGX
Transaction Impact: A difference of 1,453,900.11 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

68.5767
65.0810
JanuMarcMayJulySeptNove

PHP 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: JanтАУJun) was 67.2769, compared to 66.6502 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.6267 points.

H1 Avg (JanтАУJun) 67.2769
H2 Avg (JulтАУDec) 66.6502

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 3.5663 UGX (High: 69.2891 / Low: 65.7228). On the other end, October was the most stable month, with a tight range of 0.8548 UGX (High: 66.6084 / Low: 65.7536).

February Spread (Volatile) ┬▒3.5663
October Spread (Stable) ┬▒0.8548

Growth Streaks & Declines

Trends

Between August and December, 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 July and August, when the average rate fell by 1.3091 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -1.3091

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 68.2854) against the same month in 2022 (average: 68.8984), the exchange rate shifted by -0.6130 (-0.89%).

2023 Avg (March) 68.2854
2022 Avg (March) 68.8984

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

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Month High Low Average
January 67.7249 66.5935 67.2073
February 69.2891 65.7228 67.2184
March 69.8147 66.8413 68.2854
April 69.5576 66.4653 67.7508
May 67.3713 66.2450 66.8212
June 67.0131 65.4947 66.3786
July 67.4601 65.5710 66.6814
August 66.4004 63.9991 65.3723
September 66.5298 65.4003 65.8344
October 66.6084 65.7536 66.0925
November 68.7542 66.7575 67.8059
December 68.7450 67.4794 68.1147