2023 SCR to UGX Historical Review

YEARLY HIGH

295.4634 UGX

YEARLY LOW

258.6039 UGX

YEARLY AVERAGE

277.2108 UGX

2023 SCR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SCR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 295.4634. Conversely, the yearly low was recorded on February 13, dropping to 258.6039.

This high-to-low spread represents a total annual volatility of 36.8595 UGX. From a start-to-finish perspective, comparing the January average rate of 272.7696 to the December average rate of 281.5757, the exchange rate registered a net change of 3.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 295.4634 was down 2.21% compared to the 2022 peak of 302.1440, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,477,317 UGX

2022 Average 1,363,520 UGX

Yearly Trough Low 1,293,020 UGX

Transaction Impact: A difference of 184,297.41 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

286.0095

269.0249

JanuMarcMayJulySeptNove

SCR 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 274.4214, compared to 280.0002 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.5788 points.

H1 Avg (Jan–Jun) 274.4214

H2 Avg (Jul–Dec) 280.0002

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 28.3357 UGX (High: 288.6066 / Low: 260.2709). On the other end, November was the most stable month, with a tight range of 14.5192 UGX (High: 291.3574 / Low: 276.8382).

January Spread (Volatile) ±28.3357

November Spread (Stable) ±14.5192

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 5.7043 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -5.7043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 281.6853) against the same month in 2022 (average: 286.2768), the exchange rate shifted by -4.5915 (-1.60%).

2023 Avg (October) 281.6853

2022 Avg (October) 286.2768

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	288.6066	260.2709	272.7696
February	285.8877	258.6039	272.2304
March	291.0202	263.4738	277.8041
April	289.9351	266.9799	277.1395
May	284.8659	265.0537	276.1445
June	283.8258	259.5975	270.4402
July	282.6632	258.7817	274.0454
August	282.1465	266.5991	275.2548
September	294.3125	274.4766	284.5941
October	295.4634	272.7215	281.6853
November	291.3574	276.8382	282.8455
December	292.5252	269.6620	281.5757