2023 TJS to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TJS to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TJS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 28, valuing the pair at 371.9194. Conversely, the yearly low was recorded on August 3, dropping to 328.7838.
This high-to-low spread represents a total annual volatility of 43.1356 UGX. From a start-to-finish perspective, comparing the January average rate of 360.8177 to the December average rate of 345.7005, the exchange rate registered a net change of -4.19% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 371.9194 was down 5.72% compared to the 2022 peak of 394.4833, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TJS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TJS 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 348.9853, compared to 340.7252 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.2600 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 30.9028 UGX (High: 371.4748 / Low: 340.5720). On the other end, September was the most stable month, with a tight range of 4.8950 UGX (High: 343.1274 / Low: 338.2323).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 11.3244 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 354.9737) against the same month in 2022 (average: 311.4266), the exchange rate shifted by +43.5471 (+13.98%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 367.8207 | 357.7500 | 360.8177 |
| February | 371.9194 | 342.3750 | 354.9737 |
| March | 371.4748 | 340.5720 | 354.4775 |
| April | 346.4554 | 341.3890 | 343.1532 |
| May | 346.2524 | 340.3718 | 341.2953 |
| June | 343.3547 | 335.4177 | 339.1943 |
| July | 338.5452 | 330.0000 | 335.0659 |
| August | 340.6591 | 328.7838 | 335.3799 |
| September | 343.1274 | 338.2323 | 340.4721 |
| October | 345.4889 | 340.4881 | 342.1535 |
| November | 349.7505 | 342.6954 | 345.5795 |
| December | 348.9073 | 343.9583 | 345.7005 |