2023 SBD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SBD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SBD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 459.8511. Conversely, the yearly low was recorded on August 6, dropping to 428.3088.
This high-to-low spread represents a total annual volatility of 31.5424 UGX. From a start-to-finish perspective, comparing the January average rate of 446.7083 to the December average rate of 447.1406, the exchange rate registered a net change of 0.10% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 459.8511 was down 3.56% compared to the 2022 peak of 476.8442, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SBD to UGX Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 448.6546, compared to 443.7522 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.9024 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 19.1251 UGX (High: 447.4339 / Low: 428.3088). On the other end, November was the most stable month, with a tight range of 5.0952 UGX (High: 450.4621 / Low: 445.3670).
Growth Streaks & Declines
TrendsBetween January and March, 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 6.7810 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 454.0887) against the same month in 2022 (average: 446.4416), the exchange rate shifted by +7.6471 (+1.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 451.5348 | 440.7162 | 446.7083 |
| February | 453.5976 | 441.4924 | 447.7927 |
| March | 459.8511 | 447.7465 | 454.0887 |
| April | 457.0053 | 447.3554 | 451.3770 |
| May | 453.4197 | 445.1968 | 447.5400 |
| June | 450.0994 | 438.9775 | 444.4209 |
| July | 441.8600 | 431.3420 | 437.6399 |
| August | 447.4339 | 428.3088 | 439.8314 |
| September | 449.6077 | 441.4472 | 445.1199 |
| October | 449.5644 | 439.9145 | 444.9945 |
| November | 450.4621 | 445.3670 | 447.7870 |
| December | 450.2095 | 444.8395 | 447.1406 |