2023 TND to UGX Historical Review

YEARLY HIGH

1243.1784 UGX

YEARLY LOW

1160.4775 UGX

YEARLY AVERAGE

1199.9977 UGX

2023 TND to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on April 4, valuing the pair at 1243.1784. Conversely, the yearly low was recorded on August 6, dropping to 1160.4775.

This high-to-low spread represents a total annual volatility of 82.7008 UGX. From a start-to-finish perspective, comparing the January average rate of 1194.4219 to the December average rate of 1220.3897, the exchange rate registered a net change of 2.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1243.1784 was down 0.64% compared to the 2022 peak of 1251.2246, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,215,892 UGX

2022 Average 5,989,411 UGX

Yearly Trough Low 5,802,388 UGX

Transaction Impact: A difference of 413,504.13 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1226.6053

1178.8360

JanuMarcMayJulySeptNove

TND 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 1202.2736, compared to 1197.7218 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.5518 points.

H1 Avg (Jan–Jun) 1202.2736

H2 Avg (Jul–Dec) 1197.7218

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 73.5334 UGX (High: 1243.0828 / Low: 1169.5495). On the other end, October was the most stable month, with a tight range of 21.9840 UGX (High: 1194.0274 / Low: 1172.0434).

March Spread (Volatile) ±73.5334

October Spread (Stable) ±21.9840

Growth Streaks & Declines

Trends

Between 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 May and June, when the average rate fell by 17.7015 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -17.7015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 1222.6245) against the same month in 2022 (average: 1182.2699), the exchange rate shifted by +40.3546 (+3.41%).

2023 Avg (April) 1222.6245

2022 Avg (April) 1182.2699

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1209.1532	1182.8824	1194.4219
February	1223.0282	1170.1133	1186.4447
March	1243.0828	1169.5495	1197.4082
April	1243.1784	1192.4809	1222.6245
May	1228.5799	1203.7443	1215.2219
June	1214.1892	1181.5954	1197.5204
July	1210.3865	1170.4105	1193.8598
August	1216.1549	1160.4775	1190.7581
September	1208.0607	1181.7159	1191.5483
October	1194.0274	1172.0434	1182.8168
November	1232.4267	1185.0492	1206.9581
December	1236.5290	1204.4196	1220.3897