2023 SRD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SRD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SRD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 118.0955. Conversely, the yearly low was recorded on August 6, dropping to 93.5735.
This high-to-low spread represents a total annual volatility of 24.5220 UGX. From a start-to-finish perspective, comparing the January average rate of 116.0450 to the December average rate of 101.2189, the exchange rate registered a net change of -12.78% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 118.0955 was down 34.35% compared to the 2022 peak of 179.8804, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SRD 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 106.0617, compared to 98.2037 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.8580 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 6.4814 UGX (High: 110.7043 / Low: 104.2229). On the other end, October was the most stable month, with a tight range of 1.9115 UGX (High: 99.3157 / Low: 97.4042).
Growth Streaks & Declines
TrendsBetween August and December, 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 March and April, when the average rate fell by 6.2678 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 116.0450) against the same month in 2022 (average: 166.8123), the exchange rate shifted by -50.7673 (-30.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 118.0955 | 113.4334 | 116.0450 |
| February | 115.1735 | 109.8414 | 112.4059 |
| March | 110.7043 | 104.2229 | 108.0622 |
| April | 105.6428 | 99.8887 | 101.7943 |
| May | 101.4286 | 98.2103 | 99.7941 |
| June | 100.5847 | 96.0351 | 98.2690 |
| July | 99.7806 | 93.6618 | 96.3779 |
| August | 97.9589 | 93.5735 | 96.1757 |
| September | 98.5472 | 96.4377 | 97.6222 |
| October | 99.3157 | 97.4042 | 98.3695 |
| November | 100.7216 | 98.3309 | 99.4582 |
| December | 103.0670 | 100.0866 | 101.2189 |