2023 SOS to UGX Historical Review

YEARLY HIGH

6.6795 UGX

YEARLY LOW

6.3273 UGX

YEARLY AVERAGE

6.5402 UGX

2023 SOS to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SOS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 6.6795. Conversely, the yearly low was recorded on August 3, dropping to 6.3273.

This high-to-low spread represents a total annual volatility of 0.3522 UGX. From a start-to-finish perspective, comparing the January average rate of 6.4916 to the December average rate of 6.6143, the exchange rate registered a net change of 1.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 6.6795 was down 2.14% compared to the 2022 peak of 6.8253, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33,397 UGX

2022 Average 32,076 UGX

Yearly Trough Low 31,637 UGX

Transaction Impact: A difference of 1,760.81 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6.6400

6.4186

JanuMarcMayJulySeptNove

SOS 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 6.5352, compared to 6.5452 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0100 points.

H1 Avg (Jan–Jun) 6.5352

H2 Avg (Jul–Dec) 6.5452

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.2419 UGX (High: 6.5692 / Low: 6.3273). On the other end, October was the most stable month, with a tight range of 0.0725 UGX (High: 6.6223 / Low: 6.5499).

August Spread (Volatile) ±0.2419

October Spread (Stable) ±0.0725

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 0.0770 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0770

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 6.6216) against the same month in 2022 (average: 6.6118), the exchange rate shifted by +0.0098 (+0.15%).

2023 Avg (November) 6.6216

2022 Avg (November) 6.6118

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.5594	6.4413	6.4916
February	6.5526	6.4386	6.4835
March	6.6665	6.5067	6.5791
April	6.6482	6.5504	6.5887
May	6.6497	6.5316	6.5540
June	6.5889	6.4352	6.5141
July	6.5005	6.3374	6.4371
August	6.5692	6.3273	6.4666
September	6.6043	6.5193	6.5580
October	6.6223	6.5499	6.5735
November	6.6795	6.5804	6.6216
December	6.6589	6.5804	6.6143