2023 NIO to UGX Historical Review

YEARLY HIGH

104.3087 UGX

YEARLY LOW

98.1228 UGX

YEARLY AVERAGE

101.8683 UGX

2023 NIO to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 104.3087. Conversely, the yearly low was recorded on August 6, dropping to 98.1228.

This high-to-low spread represents a total annual volatility of 6.1859 UGX. From a start-to-finish perspective, comparing the January average rate of 101.2033 to the December average rate of 103.1327, the exchange rate registered a net change of 1.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 104.3087 was down 3.75% compared to the 2022 peak of 108.3705, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 521,543 UGX

2022 Average 514,350 UGX

Yearly Trough Low 490,614 UGX

Transaction Impact: A difference of 30,929.43 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

103.5301

99.9126

JanuMarcMayJulySeptNove

NIO 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 101.7392, compared to 101.9975 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2583 points.

H1 Avg (Jan–Jun) 101.7392

H2 Avg (Jul–Dec) 101.9975

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 4.1041 UGX (High: 102.2269 / Low: 98.1228). On the other end, October was the most stable month, with a tight range of 1.2249 UGX (High: 103.3456 / Low: 102.1207).

August Spread (Volatile) ±4.1041

October Spread (Stable) ±1.2249

Growth Streaks & Declines

Trends

Between July and November, 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 June and July, when the average rate fell by 1.1275 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.1275

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 103.2286) against the same month in 2022 (average: 104.3242), the exchange rate shifted by -1.0956 (-1.05%).

2023 Avg (November) 103.2286

2022 Avg (November) 104.3242

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	102.3239	100.5124	101.2033
February	102.2890	99.8754	101.0338
March	103.6175	101.3283	102.3850
April	103.3858	101.9315	102.4970
May	103.3564	101.5855	101.9744
June	102.6880	100.2442	101.3415
July	101.1147	98.7752	100.2140
August	102.2269	98.1228	100.6094
September	103.0827	101.6385	102.2144
October	103.3456	102.1207	102.5859
November	104.3087	102.6241	103.2286
December	103.9126	102.1926	103.1327