2023 TZS to UGX Historical Review

YEARLY HIGH

1.6249 UGX

YEARLY LOW

1.4401 UGX

YEARLY AVERAGE

1.5391 UGX

2023 TZS to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TZS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 29, valuing the pair at 1.6249. Conversely, the yearly low was recorded on August 6, dropping to 1.4401.

This high-to-low spread represents a total annual volatility of 0.1848 UGX. From a start-to-finish perspective, comparing the January average rate of 1.5817 to the December average rate of 1.5053, the exchange rate registered a net change of -4.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.6249 was down 2.84% compared to the 2022 peak of 1.6724, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,124 UGX

2022 Average 7,932 UGX

Yearly Trough Low 7,200 UGX

Transaction Impact: A difference of 923.98 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.6134

1.4629

JanuMarcMayJulySeptNove

TZS 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 1.5815, compared to 1.4968 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0847 points.

H1 Avg (Jan–Jun) 1.5815

H2 Avg (Jul–Dec) 1.4968

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0679 UGX (High: 1.5855 / Low: 1.5176). On the other end, September was the most stable month, with a tight range of 0.0199 UGX (High: 1.5046 / Low: 1.4848).

June Spread (Volatile) ±0.0679

September Spread (Stable) ±0.0199

Growth Streaks & Declines

Trends

Between August and November, 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 0.0517 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0517

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 1.6009) against the same month in 2022 (average: 1.5494), the exchange rate shifted by +0.0515 (+3.32%).

2023 Avg (March) 1.6009

2022 Avg (March) 1.5494

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6003	1.5658	1.5817
February	1.5970	1.5663	1.5784
March	1.6249	1.5795	1.6009
April	1.6197	1.5834	1.5964
May	1.5978	1.5722	1.5795
June	1.5855	1.5176	1.5520
July	1.5256	1.4695	1.5003
August	1.4978	1.4401	1.4755
September	1.5046	1.4848	1.4923
October	1.5136	1.4854	1.4979
November	1.5241	1.4961	1.5094
December	1.5207	1.4945	1.5053