2023 UAH to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 UAH to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the UAH to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 105.4519. Conversely, the yearly low was recorded on August 3, dropping to 97.6120.
This high-to-low spread represents a total annual volatility of 7.8400 UGX. From a start-to-finish perspective, comparing the January average rate of 100.4313 to the December average rate of 101.6876, the exchange rate registered a net change of 1.25% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 105.4519 was down 18.84% compared to the 2022 peak of 129.9369, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 UAH based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
UAH 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 100.8328, compared to 101.5702 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7374 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 5.2438 UGX (High: 104.2771 / Low: 99.0333). On the other end, September was the most stable month, with a tight range of 1.3517 UGX (High: 102.0517 / Low: 100.7000).
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 November and December, when the average rate fell by 2.8892 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 104.5768) against the same month in 2022 (average: 101.8709), the exchange rate shifted by +2.7058 (+2.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 101.4905 | 99.5092 | 100.4313 |
| February | 101.3540 | 99.3714 | 100.1716 |
| March | 102.6943 | 100.2372 | 101.4238 |
| April | 102.7787 | 100.9900 | 101.6634 |
| May | 102.3798 | 100.7044 | 100.9944 |
| June | 101.5650 | 99.2395 | 100.3123 |
| July | 100.2909 | 97.8800 | 99.3708 |
| August | 101.2153 | 97.6120 | 99.7044 |
| September | 102.0517 | 100.7000 | 101.2736 |
| October | 104.4145 | 101.8334 | 102.8080 |
| November | 105.4519 | 103.8408 | 104.5768 |
| December | 104.2771 | 99.0333 | 101.6876 |