2023 SAR to UGX Historical Review

YEARLY HIGH

1017.6647 UGX

YEARLY LOW

955.4390 UGX

YEARLY AVERAGE

992.5291 UGX

2023 SAR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 1017.6647. Conversely, the yearly low was recorded on August 6, dropping to 955.4390.

This high-to-low spread represents a total annual volatility of 62.2257 UGX. From a start-to-finish perspective, comparing the January average rate of 982.8448 to the December average rate of 1008.1769, the exchange rate registered a net change of 2.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1017.6647 was down 1.95% compared to the 2022 peak of 1037.8769, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,088,324 UGX

2022 Average 4,913,757 UGX

Yearly Trough Low 4,777,195 UGX

Transaction Impact: A difference of 311,128.64 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1011.3860

972.8769

JanuMarcMayJulySeptNove

SAR 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 990.0087, compared to 995.0495 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.0407 points.

H1 Avg (Jan–Jun) 990.0087

H2 Avg (Jul–Dec) 995.0495

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 42.5567 UGX (High: 997.9957 / Low: 955.4390). On the other end, December was the most stable month, with a tight range of 12.9014 UGX (High: 1014.8674 / Low: 1001.9660).

August Spread (Volatile) ±42.5567

December Spread (Stable) ±12.9014

Growth Streaks & Declines

Trends

Between July and December, 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 June and July, when the average rate fell by 11.6747 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -11.6747

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1007.3952) against the same month in 2022 (average: 998.7898), the exchange rate shifted by +8.6053 (+0.86%).

2023 Avg (November) 1007.3952

2022 Avg (November) 998.7898

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	992.8949	973.8148	982.8448
February	992.6296	972.4873	982.7765
March	1009.0642	983.5262	995.2258
April	1008.4693	990.2500	997.8173
May	1007.4928	989.3369	993.6274
June	1000.9385	973.6381	987.7607
July	985.9502	959.9104	976.0860
August	997.9957	955.4390	981.2621
September	1004.9723	990.5473	996.8760
October	1008.7649	994.0204	1000.5007
November	1017.6647	1001.3881	1007.3952
December	1014.8674	1001.9660	1008.1769