2023 TTD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TTD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TTD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 562.6748. Conversely, the yearly low was recorded on August 12, dropping to 531.7189.
This high-to-low spread represents a total annual volatility of 30.9559 UGX. From a start-to-finish perspective, comparing the January average rate of 543.7090 to the December average rate of 556.2676, the exchange rate registered a net change of 2.31% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 562.6748 was down 1.73% compared to the 2022 peak of 572.5584, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TTD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TTD 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 547.5268, compared to 550.0615 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.5347 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 18.9801 UGX (High: 550.6990 / Low: 531.7189). On the other end, October was the most stable month, with a tight range of 6.7934 UGX (High: 557.8908 / Low: 551.0974).
Growth Streaks & Declines
TrendsBetween July and November, 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 June and July, when the average rate fell by 6.1038 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 557.0986) against the same month in 2022 (average: 553.6900), the exchange rate shifted by +3.4086 (+0.62%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 549.9889 | 539.1587 | 543.7090 |
| February | 549.1572 | 539.4367 | 542.9181 |
| March | 558.3580 | 545.8535 | 551.2327 |
| April | 559.2032 | 549.2720 | 551.9623 |
| May | 556.7860 | 546.1872 | 549.2231 |
| June | 552.7682 | 539.4686 | 546.1156 |
| July | 545.7067 | 532.0642 | 540.0119 |
| August | 550.6990 | 531.7189 | 542.4381 |
| September | 555.6422 | 547.3586 | 551.2919 |
| October | 557.8908 | 551.0974 | 553.2608 |
| November | 562.6748 | 553.7075 | 557.0986 |
| December | 560.5347 | 552.7159 | 556.2676 |