2023 SZL to UGX Historical Review

YEARLY HIGH

220.8988 UGX

YEARLY LOW

189.2296 UGX

YEARLY AVERAGE

202.1014 UGX

2023 SZL to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SZL to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 220.8988. Conversely, the yearly low was recorded on May 30, dropping to 189.2296.

This high-to-low spread represents a total annual volatility of 31.6692 UGX. From a start-to-finish perspective, comparing the January average rate of 215.8661 to the December average rate of 202.9747, the exchange rate registered a net change of -5.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 220.8988 was down 10.81% compared to the 2022 peak of 247.6854, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,104,494 UGX

2022 Average 1,130,404 UGX

Yearly Trough Low 946,148 UGX

Transaction Impact: A difference of 158,345.84 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

217.8708

193.8147

JanuMarcMayJulySeptNove

SZL 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 204.4995, compared to 199.7033 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.7962 points.

H1 Avg (Jan–Jun) 204.4995

H2 Avg (Jul–Dec) 199.7033

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 14.9422 UGX (High: 207.9351 / Low: 192.9928). On the other end, September was the most stable month, with a tight range of 7.1407 UGX (High: 201.0735 / Low: 193.9328).

July Spread (Volatile) ±14.9422

September Spread (Stable) ±7.1407

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 10.6592 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -10.6592

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 215.8661) against the same month in 2022 (average: 228.0848), the exchange rate shifted by -12.2187 (-5.36%).

2023 Avg (January) 215.8661

2022 Avg (January) 228.0848

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	220.8988	211.5176	215.8661
February	215.5448	201.3362	206.0370
March	211.2994	198.9400	204.7639
April	212.0285	203.0011	206.4786
May	203.5652	189.2296	195.8194
June	203.5055	189.6515	198.0321
July	207.9351	192.9928	201.0274
August	201.5062	190.4868	196.0102
September	201.0735	193.9328	197.2671
October	201.5356	192.1825	196.8290
November	208.5769	198.9817	204.1112
December	207.8168	197.9242	202.9747