2023 SEK to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SEK to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SEK to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 379.4880. Conversely, the yearly low was recorded on September 14, dropping to 332.8653.
This high-to-low spread represents a total annual volatility of 46.6227 UGX. From a start-to-finish perspective, comparing the January average rate of 355.3260 to the December average rate of 369.2889, the exchange rate registered a net change of 3.93% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 379.4880 was down 3.91% compared to the 2022 peak of 394.9178, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SEK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SEK 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 354.2111, compared to 348.0666 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.1445 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 29.5399 UGX (High: 368.5714 / Low: 339.0315). On the other end, October was the most stable month, with a tight range of 9.5311 UGX (High: 344.8468 / Low: 335.3156).
Growth Streaks & Declines
TrendsBetween September and December, 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 11.4623 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 369.2889) against the same month in 2022 (average: 354.7939), the exchange rate shifted by +14.4950 (+4.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 361.3799 | 349.1646 | 355.3260 |
| February | 358.3824 | 346.0958 | 352.6114 |
| March | 366.4768 | 344.8733 | 355.6555 |
| April | 368.0596 | 355.0116 | 361.7416 |
| May | 366.5858 | 344.1555 | 355.6972 |
| June | 348.2021 | 337.3262 | 344.2349 |
| July | 359.9765 | 337.5567 | 347.8988 |
| August | 345.6996 | 334.3903 | 339.7433 |
| September | 345.1480 | 332.8653 | 337.0875 |
| October | 344.8468 | 335.3156 | 340.4040 |
| November | 368.5714 | 339.0315 | 353.9771 |
| December | 379.4880 | 360.2247 | 369.2889 |