2023 PGK to UGX Historical Review

YEARLY HIGH

1076.4746 UGX

YEARLY LOW

992.2294 UGX

YEARLY AVERAGE

1034.3214 UGX

2023 PGK to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 29, valuing the pair at 1076.4746. Conversely, the yearly low was recorded on August 3, dropping to 992.2294.

This high-to-low spread represents a total annual volatility of 84.2452 UGX. From a start-to-finish perspective, comparing the January average rate of 1047.9290 to the December average rate of 1010.9414, the exchange rate registered a net change of -3.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1076.4746 was down 2.38% compared to the 2022 peak of 1102.7657, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,382,373 UGX

2022 Average 5,231,097 UGX

Yearly Trough Low 4,961,147 UGX

Transaction Impact: A difference of 421,225.92 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1066.9248

1001.5060

JanuMarcMayJulySeptNove

PGK 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 1052.1297, compared to 1016.5131 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 35.6166 points.

H1 Avg (Jan–Jun) 1052.1297

H2 Avg (Jul–Dec) 1016.5131

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 68.1404 UGX (High: 1060.3698 / Low: 992.2294). On the other end, January was the most stable month, with a tight range of 18.8657 UGX (High: 1059.1731 / Low: 1040.3075).

August Spread (Volatile) ±68.1404

January Spread (Stable) ±18.8657

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 June and July, when the average rate fell by 17.3765 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -17.3765

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 1061.0382) against the same month in 2022 (average: 1020.2116), the exchange rate shifted by +40.8266 (+4.00%).

2023 Avg (March) 1061.0382

2022 Avg (March) 1020.2116

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1059.1731	1040.3075	1047.9290
February	1057.1796	1028.3158	1044.7495
March	1076.4746	1050.3011	1061.0382
April	1073.0128	1045.1016	1061.4732
May	1064.1132	1040.2548	1054.9774
June	1063.2878	1022.3531	1042.6109
July	1049.8704	1005.7057	1025.2344
August	1060.3698	992.2294	1017.5656
September	1046.7999	1015.9936	1025.9169
October	1030.7491	997.7181	1012.4629
November	1018.8353	998.9062	1006.9576
December	1020.1393	998.0806	1010.9414