2023 THB to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 THB to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the THB to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 112.6547. Conversely, the yearly low was recorded on October 3, dropping to 100.8145.
This high-to-low spread represents a total annual volatility of 11.8402 UGX. From a start-to-finish perspective, comparing the January average rate of 111.1969 to the December average rate of 108.3561, the exchange rate registered a net change of -2.55% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 112.6547 was up 1.92% compared to the 2022 peak of 110.5309, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 THB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
THB 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 108.8128, compared to 105.5107 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.3021 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 6.8693 UGX (High: 112.5504 / Low: 105.6811). On the other end, April was the most stable month, with a tight range of 3.0689 UGX (High: 111.2123 / Low: 108.1434).
Growth Streaks & Declines
TrendsBetween February and April, 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 January and February, when the average rate fell by 2.9539 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 111.1969) against the same month in 2022 (average: 106.2115), the exchange rate shifted by +4.9854 (+4.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 112.6547 | 107.5197 | 111.1969 |
| February | 112.5504 | 105.6811 | 108.2430 |
| March | 110.9232 | 105.4298 | 108.6014 |
| April | 111.2123 | 108.1434 | 109.5218 |
| May | 110.9048 | 107.3452 | 109.0470 |
| June | 108.4170 | 102.8154 | 106.2666 |
| July | 107.7406 | 103.3226 | 105.7454 |
| August | 106.9990 | 103.0071 | 105.0365 |
| September | 106.1689 | 102.4889 | 104.4235 |
| October | 104.9172 | 100.8145 | 102.8619 |
| November | 109.6523 | 104.1033 | 106.6406 |
| December | 110.5438 | 106.1510 | 108.3561 |