2023 UGX to AOA Historical Review

YEARLY HIGH

0.2304 AOA

YEARLY LOW

0.1337 AOA

YEARLY AVERAGE

0.1840 AOA

2023 UGX to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 0.2304. Conversely, the yearly low was recorded on March 26, dropping to 0.1337.

This high-to-low spread represents a total annual volatility of 0.0967 AOA. From a start-to-finish perspective, comparing the January average rate of 0.1365 to the December average rate of 0.2197, the exchange rate registered a net change of 61.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2304 was up 46.58% compared to the 2022 peak of 0.1572, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,152 AOA

2022 Average 626 AOA

Yearly Trough Low 668 AOA

Transaction Impact: A difference of 483.48 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2345

0.1264

JanuMarcMayJulySeptNove

UGX to AOA 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 0.1462, compared to 0.2219 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0757 points.

H1 Avg (Jan–Jun) 0.1462

H2 Avg (Jul–Dec) 0.2219

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0677 AOA (High: 0.2249 / Low: 0.1572). On the other end, September was the most stable month, with a tight range of 0.0027 AOA (High: 0.2225 / Low: 0.2198).

June Spread (Volatile) ±0.0677

September Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between March and July, 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 August and September, when the average rate fell by 0.0029 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.2244) against the same month in 2022 (average: 0.1120), the exchange rate shifted by +0.1124 (+100.34%).

2023 Avg (August) 0.2244

2022 Avg (August) 0.1120

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1377	0.1350	0.1365
February	0.1386	0.1352	0.1370
March	0.1372	0.1337	0.1354
April	0.1367	0.1339	0.1356
May	0.1544	0.1364	0.1423
June	0.2249	0.1572	0.1902
July	0.2293	0.2233	0.2255
August	0.2304	0.2203	0.2244
September	0.2225	0.2198	0.2215
October	0.2222	0.2191	0.2206
November	0.2219	0.2168	0.2197
December	0.2214	0.2182	0.2197