2023 MXN to UGX Historical Review

YEARLY HIGH

223.3244 UGX

YEARLY LOW

190.8075 UGX

YEARLY AVERAGE

210.2327 UGX

2023 MXN to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 223.3244. Conversely, the yearly low was recorded on January 1, dropping to 190.8075.

This high-to-low spread represents a total annual volatility of 32.5169 UGX. From a start-to-finish perspective, comparing the January average rate of 194.6853 to the December average rate of 220.3104, the exchange rate registered a net change of 13.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 223.3244 was up 14.18% compared to the 2022 peak of 195.5967, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 11,166,222 UGX

2022 Average 9,181,834 UGX

Yearly Trough Low 9,540,375 UGX

Transaction Impact: A difference of 1,625,846.81 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

222.8729

192.1227

JanuMarcMayJulySeptNove

MXN 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 204.7094, compared to 215.7561 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.0466 points.

H1 Avg (Jan–Jun) 204.7094

H2 Avg (Jul–Dec) 215.7561

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 14.8150 UGX (High: 222.6643 / Low: 207.8492). On the other end, June was the most stable month, with a tight range of 3.7723 UGX (High: 216.5941 / Low: 212.8218).

August Spread (Volatile) ±14.8150

June Spread (Stable) ±3.7723

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 8.6738 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -8.6738

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 220.3104) against the same month in 2022 (average: 188.2532), the exchange rate shifted by +32.0572 (+17.03%).

2023 Avg (December) 220.3104

2022 Avg (December) 188.2532

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	197.4237	190.8075	194.6853
February	203.4588	191.6299	198.2923
March	209.3822	195.3376	203.0807
April	208.8131	204.7591	207.1629
May	213.6354	207.2129	210.2174
June	216.5941	212.8218	214.8180
July	219.5269	212.9429	216.3866
August	222.6643	207.8492	216.7161
September	219.1462	211.8250	216.1730
October	216.4745	204.2576	207.4992
November	221.8737	211.3615	217.4512
December	223.3244	216.1254	220.3104