2023 TRY to UGX Historical Review

YEARLY HIGH

199.0474 UGX

YEARLY LOW

127.9073 UGX

YEARLY AVERAGE

161.4754 UGX

2023 TRY to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 199.0474. Conversely, the yearly low was recorded on December 27, dropping to 127.9073.

This high-to-low spread represents a total annual volatility of 71.1401 UGX. From a start-to-finish perspective, comparing the January average rate of 196.5732 to the December average rate of 129.9600, the exchange rate registered a net change of -33.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 199.0474 was down 26.69% compared to the 2022 peak of 271.4977, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 9,952,370 UGX

2022 Average 11,252,064 UGX

Yearly Trough Low 6,395,367 UGX

Transaction Impact: A difference of 3,557,002.51 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

203.3402

123.2891

JanuMarcMayJulySeptNove

TRY 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 187.9752, compared to 134.9755 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 52.9997 points.

H1 Avg (Jan–Jun) 187.9752

H2 Avg (Jul–Dec) 134.9755

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 38.7139 UGX (High: 179.4017 / Low: 140.6878). On the other end, September was the most stable month, with a tight range of 2.7411 UGX (High: 139.5047 / Low: 136.7636).

June Spread (Volatile) ±38.7139

September Spread (Stable) ±2.7411

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 31.5079 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -31.5079

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 196.5732) against the same month in 2022 (average: 260.8466), the exchange rate shifted by -64.2733 (-24.64%).

2023 Avg (January) 196.5732

2022 Avg (January) 260.8466

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	199.0474	194.5195	196.5732
February	197.5320	193.4669	195.5991
March	198.3801	194.2398	196.6692
April	196.7709	191.6466	193.5061
May	191.7262	181.3973	188.5058
June	179.4017	140.6878	156.9979
July	142.3118	133.6935	138.3319
August	143.1784	132.4639	136.7672
September	139.5047	136.7636	138.4248
October	137.1090	133.1034	134.5660
November	133.5688	130.7561	131.8032
December	131.6250	127.9073	129.9600

2023 TRY నుండి UGX చారిత్రక సమీక్ష