2023 MYR to UGX Historical Review

YEARLY HIGH

873.2416 UGX

YEARLY LOW

780.9925 UGX

YEARLY AVERAGE

817.3239 UGX

2023 MYR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 873.2416. Conversely, the yearly low was recorded on June 25, dropping to 780.9925.

This high-to-low spread represents a total annual volatility of 92.2491 UGX. From a start-to-finish perspective, comparing the January average rate of 853.0146 to the December average rate of 811.9752, the exchange rate registered a net change of -4.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 873.2416 was down 0.23% compared to the 2022 peak of 875.2251, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 17,464,831 UGX

2022 Average 16,781,596 UGX

Yearly Trough Low 15,619,850 UGX

Transaction Impact: A difference of 1,844,981.82 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

859.2319

784.6247

JanuMarcMayJulySeptNove

MYR 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 834.2011, compared to 800.4467 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 33.7544 points.

H1 Avg (Jan–Jun) 834.2011

H2 Avg (Jul–Dec) 800.4467

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 49.8529 UGX (High: 873.2416 / Low: 823.3886). On the other end, September was the most stable month, with a tight range of 8.9171 UGX (High: 803.6747 / Low: 794.7576).

February Spread (Volatile) ±49.8529

September Spread (Stable) ±8.9171

Growth Streaks & Declines

Trends

Between July and September, 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 24.6347 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -24.6347

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 844.7863) against the same month in 2022 (average: 839.5390), the exchange rate shifted by +5.2473 (+0.63%).

2023 Avg (February) 844.7863

2022 Avg (February) 839.5390

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	868.7624	843.0429	853.0146
February	873.2416	823.3886	844.7863
March	857.5739	818.1622	836.0928
April	858.4590	837.3951	845.9461
May	839.4742	806.2201	825.0008
June	820.1579	780.9925	800.3662
July	810.0280	781.2008	797.2297
August	816.3244	788.8259	798.4324
September	803.6747	794.7576	798.7878
October	802.7064	784.0133	790.8420
November	819.5938	792.9898	805.4133
December	824.2105	803.4617	811.9752