2023 PKR to UGX Historical Review

YEARLY HIGH

16.4359 UGX

YEARLY LOW

12.1206 UGX

YEARLY AVERAGE

13.3745 UGX

2023 PKR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 16.4359. Conversely, the yearly low was recorded on September 6, dropping to 12.1206.

This high-to-low spread represents a total annual volatility of 4.3153 UGX. From a start-to-finish perspective, comparing the January average rate of 15.8286 to the December average rate of 13.4094, the exchange rate registered a net change of -15.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 16.4359 was down 18.96% compared to the 2022 peak of 20.2805, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 8,217,961 UGX

2022 Average 9,083,708 UGX

Yearly Trough Low 6,060,295 UGX

Transaction Impact: A difference of 2,157,665.25 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

16.1569

12.2179

JanuMarcMayJulySeptNove

PKR 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 13.7054, compared to 13.0435 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6619 points.

H1 Avg (Jan–Jun) 13.7054

H2 Avg (Jul–Dec) 13.0435

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.6736 UGX (High: 16.4359 / Low: 13.7623). On the other end, December was the most stable month, with a tight range of 0.3163 UGX (High: 13.5878 / Low: 13.2715).

January Spread (Volatile) ±2.6736

December Spread (Stable) ±0.3163

Growth Streaks & Declines

Trends

Between August and October, 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 January and February, when the average rate fell by 1.9322 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.9322

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 15.8286) against the same month in 2022 (average: 19.9890), the exchange rate shifted by -4.1603 (-20.81%).

2023 Avg (January) 15.8286

2022 Avg (January) 19.9890

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.4359	13.7623	15.8286
February	14.8432	13.3258	13.8964
March	14.1925	13.1988	13.3411
April	13.3665	12.9305	13.1959
May	13.2399	12.5956	13.0444
June	13.1481	12.7927	12.9260
July	13.4615	12.6109	13.0060
August	12.9879	12.1956	12.5461
September	13.0925	12.1206	12.5670
October	13.6238	13.0392	13.4337
November	13.5775	13.1046	13.2988
December	13.5878	13.2715	13.4094