2023 NZD to UGX Historical Review

YEARLY HIGH

2400.7586 UGX

YEARLY LOW

2165.7714 UGX

YEARLY AVERAGE

2286.9218 UGX

2023 NZD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 2400.7586. Conversely, the yearly low was recorded on August 12, dropping to 2165.7714.

This high-to-low spread represents a total annual volatility of 234.9873 UGX. From a start-to-finish perspective, comparing the January average rate of 2364.7843 to the December average rate of 2355.5109, the exchange rate registered a net change of -0.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2400.7586 was down 4.50% compared to the 2022 peak of 2513.8117, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,003,793 UGX

2022 Average 11,715,511 UGX

Yearly Trough Low 10,828,857 UGX

Transaction Impact: A difference of 1,174,936.41 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2380.8801

2187.7308

JanuMarcMayJulySeptNove

NZD 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 2318.4106, compared to 2255.4330 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 62.9776 points.

H1 Avg (Jan–Jun) 2318.4106

H2 Avg (Jul–Dec) 2255.4330

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 139.2450 UGX (High: 2350.5504 / Low: 2211.3055). On the other end, January was the most stable month, with a tight range of 69.8730 UGX (High: 2393.4266 / Low: 2323.5535).

November Spread (Volatile) ±139.2450

January Spread (Stable) ±69.8730

Growth Streaks & Declines

Trends

Between February and April, 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 July and August, when the average rate fell by 74.6734 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -74.6734

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2315.5172) against the same month in 2022 (average: 2346.7205), the exchange rate shifted by -31.2033 (-1.33%).

2023 Avg (February) 2315.5172

2022 Avg (February) 2346.7205

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2393.4266	2323.5535	2364.7843
February	2400.7586	2275.2605	2315.5172
March	2373.3558	2261.4306	2319.6277
April	2389.1722	2295.2322	2324.3490
May	2369.6075	2253.9452	2313.2385
June	2302.1367	2222.4224	2272.9470
July	2345.2495	2217.6874	2278.5000
August	2241.0710	2165.7714	2203.8266
September	2259.4837	2187.7792	2216.5052
October	2264.8758	2179.8047	2212.1992
November	2350.5504	2211.3055	2266.0563
December	2400.1629	2310.8993	2355.5109