2023 PEN to UGX Historical Review

YEARLY HIGH

1029.5100 UGX

YEARLY LOW

943.3796 UGX

YEARLY AVERAGE

995.8476 UGX

2023 PEN to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 1029.5100. Conversely, the yearly low was recorded on February 6, dropping to 943.3796.

This high-to-low spread represents a total annual volatility of 86.1303 UGX. From a start-to-finish perspective, comparing the January average rate of 965.7099 to the December average rate of 1012.2234, the exchange rate registered a net change of 4.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1029.5100 was up 0.21% compared to the 2022 peak of 1027.3601, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,147,550 UGX

2022 Average 4,813,838 UGX

Yearly Trough Low 4,716,898 UGX

Transaction Impact: A difference of 430,651.66 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1023.0999

955.1088

JanuMarcMayJulySeptNove

PEN 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 989.9690, compared to 1001.7262 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.7572 points.

H1 Avg (Jan–Jun) 989.9690

H2 Avg (Jul–Dec) 1001.7262

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 46.2754 UGX (High: 1023.5318 / Low: 977.2564). On the other end, June was the most stable month, with a tight range of 14.7185 UGX (High: 1022.8786 / Low: 1008.1602).

November Spread (Volatile) ±46.2754

June Spread (Stable) ±14.7185

Growth Streaks & Declines

Trends

Between February and July, 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 September and October, when the average rate fell by 26.4743 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -26.4743

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1017.4340) against the same month in 2022 (average: 973.3299), the exchange rate shifted by +44.1041 (+4.53%).

2023 Avg (July) 1017.4340

2022 Avg (July) 973.3299

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	981.0891	943.9849	965.7099
February	979.1990	943.3796	960.7747
March	1008.2901	978.4488	989.3622
April	1014.7242	985.8125	996.2746
May	1029.0734	1003.3009	1011.6301
June	1022.8786	1008.1602	1016.0622
July	1029.5100	1003.9595	1017.4340
August	1017.1204	976.9580	997.0594
September	1009.6918	990.7092	1004.0566
October	992.9100	967.4394	977.5823
November	1023.5318	977.2564	1002.0015
December	1023.6533	998.8967	1012.2234