2023 MVR to UGX Historical Review

YEARLY HIGH

248.7134 UGX

YEARLY LOW

233.5130 UGX

YEARLY AVERAGE

242.2497 UGX

2023 MVR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 248.7134. Conversely, the yearly low was recorded on August 6, dropping to 233.5130.

This high-to-low spread represents a total annual volatility of 15.2003 UGX. From a start-to-finish perspective, comparing the January average rate of 239.9732 to the December average rate of 245.9969, the exchange rate registered a net change of 2.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 248.7134 was down 2.11% compared to the 2022 peak of 254.0719, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,243,567 UGX

2022 Average 1,196,386 UGX

Yearly Trough Low 1,167,565 UGX

Transaction Impact: A difference of 76,001.61 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

246.7858

237.3188

JanuMarcMayJulySeptNove

MVR 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 241.8615, compared to 242.6380 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7765 points.

H1 Avg (Jan–Jun) 241.8615

H2 Avg (Jul–Dec) 242.6380

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 10.0035 UGX (High: 243.5165 / Low: 233.5130). On the other end, December was the most stable month, with a tight range of 3.7390 UGX (High: 247.8625 / Low: 244.1235).

August Spread (Volatile) ±10.0035

December Spread (Stable) ±3.7390

Growth Streaks & Declines

Trends

Between July and December, 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 3.3379 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -3.3379

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 245.8877) against the same month in 2022 (average: 243.7319), the exchange rate shifted by +2.1557 (+0.88%).

2023 Avg (November) 245.8877

2022 Avg (November) 243.7319

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	242.1686	237.5096	239.9732
February	242.6179	237.5819	240.1323
March	246.1483	239.9101	243.0542
April	246.4085	241.9477	243.7169
May	246.9853	241.5631	242.8467
June	245.0746	238.5572	241.4456
July	240.3742	234.5777	238.1077
August	243.5165	233.5130	239.4431
September	244.7369	240.3036	242.5174
October	246.0353	242.1011	243.8750
November	248.7134	242.9581	245.8877
December	247.8625	244.1235	245.9969