2023 UGX to BIF Historical Review

YEARLY HIGH

0.7905 BIF

YEARLY LOW

0.5487 BIF

YEARLY AVERAGE

0.6836 BIF

2023 UGX to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 0.7905. Conversely, the yearly low was recorded on March 29, dropping to 0.5487.

This high-to-low spread represents a total annual volatility of 0.2418 BIF. From a start-to-finish perspective, comparing the January average rate of 0.5604 to the December average rate of 0.7538, the exchange rate registered a net change of 34.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7905 was up 35.65% compared to the 2022 peak of 0.5827, 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 3,953 BIF

2022 Average 2,769 BIF

Yearly Trough Low 2,744 BIF

Transaction Impact: A difference of 1,209.12 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7946

0.5338

JanuMarcMayJulySeptNove

UGX to BIF 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 0.6066, compared to 0.7606 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1539 points.

H1 Avg (Jan–Jun) 0.6066

H2 Avg (Jul–Dec) 0.7606

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.2000 BIF (High: 0.7574 / Low: 0.5574). On the other end, April was the most stable month, with a tight range of 0.0078 BIF (High: 0.5582 / Low: 0.5504).

May Spread (Volatile) ±0.2000

April Spread (Stable) ±0.0078

Growth Streaks & Declines

Trends

Between April and July, 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 August and September, when the average rate fell by 0.0116 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0116

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.7701) against the same month in 2022 (average: 0.5361), the exchange rate shifted by +0.2340 (+43.65%).

2023 Avg (August) 0.7701

2022 Avg (August) 0.5361

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5650	0.5545	0.5604
February	0.5665	0.5546	0.5623
March	0.5615	0.5487	0.5556
April	0.5582	0.5504	0.5555
May	0.7574	0.5574	0.6419
June	0.7744	0.7523	0.7638
July	0.7841	0.7647	0.7729
August	0.7905	0.7589	0.7701
September	0.7635	0.7531	0.7585
October	0.7624	0.7503	0.7563
November	0.7565	0.7452	0.7517
December	0.7589	0.7479	0.7538