2023 QAR to UGX Historical Review

YEARLY HIGH

1048.3854 UGX

YEARLY LOW

984.4617 UGX

YEARLY AVERAGE

1022.0160 UGX

2023 QAR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 1048.3854. Conversely, the yearly low was recorded on August 6, dropping to 984.4617.

This high-to-low spread represents a total annual volatility of 63.9237 UGX. From a start-to-finish perspective, comparing the January average rate of 1013.1253 to the December average rate of 1037.6039, the exchange rate registered a net change of 2.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1048.3854 was down 2.12% compared to the 2022 peak of 1071.1352, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,241,927 UGX

2022 Average 5,063,681 UGX

Yearly Trough Low 4,922,308 UGX

Transaction Impact: A difference of 319,618.55 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1041.2871

1002.4427

JanuMarcMayJulySeptNove

QAR 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 1019.3414, compared to 1024.6907 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.3493 points.

H1 Avg (Jan–Jun) 1019.3414

H2 Avg (Jul–Dec) 1024.6907

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 42.1914 UGX (High: 1026.6531 / Low: 984.4617). On the other end, October was the most stable month, with a tight range of 13.5494 UGX (High: 1037.5420 / Low: 1023.9925).

August Spread (Volatile) ±42.1914

October Spread (Stable) ±13.5494

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 11.4045 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -11.4045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1038.0501) against the same month in 2022 (average: 1030.6887), the exchange rate shifted by +7.3614 (+0.71%).

2023 Avg (November) 1038.0501

2022 Avg (November) 1030.6887

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1024.9430	1004.5724	1013.1253
February	1022.5267	1001.7914	1010.9504
March	1040.8434	1014.7257	1024.6938
April	1037.8354	1019.4390	1026.7599
May	1037.6082	1019.0632	1023.4345
June	1030.0142	1004.1464	1017.0842
July	1015.2109	989.6491	1005.6797
August	1026.6531	984.4617	1010.0765
September	1035.2195	1020.1120	1026.6268
October	1037.5420	1023.9925	1030.1069
November	1048.3854	1031.3666	1038.0501
December	1045.3918	1031.5933	1037.6039