2023 PHP to UGX Historical Review

YEARLY HIGH

69.8147 UGX

YEARLY LOW

63.9991 UGX

YEARLY AVERAGE

66.9636 UGX

2023 PHP to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 29, valuing the pair at 69.8147. Conversely, the yearly low was recorded on August 12, dropping to 63.9991.

This high-to-low spread represents a total annual volatility of 5.8156 UGX. From a start-to-finish perspective, comparing the January average rate of 67.2073 to the December average rate of 68.1147, the exchange rate registered a net change of 1.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 69.8147 was down 3.57% compared to the 2022 peak of 72.3960, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 17,453,664 UGX

2022 Average 16,940,670 UGX

Yearly Trough Low 15,999,764 UGX

Transaction Impact: A difference of 1,453,900.11 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

68.5767

65.0810

JanuMarcMayJulySeptNove

PHP 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 67.2769, compared to 66.6502 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6267 points.

H1 Avg (Jan–Jun) 67.2769

H2 Avg (Jul–Dec) 66.6502

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 3.5663 UGX (High: 69.2891 / Low: 65.7228). On the other end, October was the most stable month, with a tight range of 0.8548 UGX (High: 66.6084 / Low: 65.7536).

February Spread (Volatile) ±3.5663

October Spread (Stable) ±0.8548

Growth Streaks & Declines

Trends

Between 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 July and August, when the average rate fell by 1.3091 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.3091

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 68.2854) against the same month in 2022 (average: 68.8984), the exchange rate shifted by -0.6130 (-0.89%).

2023 Avg (March) 68.2854

2022 Avg (March) 68.8984

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	67.7249	66.5935	67.2073
February	69.2891	65.7228	67.2184
March	69.8147	66.8413	68.2854
April	69.5576	66.4653	67.7508
May	67.3713	66.2450	66.8212
June	67.0131	65.4947	66.3786
July	67.4601	65.5710	66.6814
August	66.4004	63.9991	65.3723
September	66.5298	65.4003	65.8344
October	66.6084	65.7536	66.0925
November	68.7542	66.7575	67.8059
December	68.7450	67.4794	68.1147

2023 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு