2023 TWD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TWD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TWD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 25, valuing the pair at 124.4760. Conversely, the yearly low was recorded on August 6, dropping to 113.1912.
This high-to-low spread represents a total annual volatility of 11.2848 UGX. From a start-to-finish perspective, comparing the January average rate of 121.4762 to the December average rate of 121.1627, the exchange rate registered a net change of -0.26% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 124.4760 was down 4.52% compared to the 2022 peak of 130.3676, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TWD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TWD 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 121.6117, compared to 117.6160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.9957 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 5.5537 UGX (High: 121.6270 / Low: 116.0733). On the other end, September was the most stable month, with a tight range of 0.9780 UGX (High: 117.3188 / Low: 116.3407).
Growth Streaks & Declines
TrendsBetween January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 2.8384 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 122.3185) against the same month in 2022 (average: 126.4643), the exchange rate shifted by -4.1458 (-3.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 122.7424 | 120.7356 | 121.4762 |
| February | 124.0215 | 120.0822 | 121.7902 |
| March | 124.4760 | 119.8873 | 122.3185 |
| April | 124.4184 | 121.4277 | 122.4816 |
| May | 123.2474 | 120.3701 | 121.3740 |
| June | 122.5421 | 117.7022 | 120.2301 |
| July | 118.8603 | 114.7893 | 117.3916 |
| August | 117.3487 | 113.1912 | 115.6812 |
| September | 117.3188 | 116.3407 | 116.7515 |
| October | 117.0309 | 115.6382 | 116.2441 |
| November | 121.6270 | 116.0733 | 118.4647 |
| December | 123.4292 | 119.9370 | 121.1627 |