2023 UGX to CDF Historical Review

YEARLY HIGH

0.7430 CDF

YEARLY LOW

0.5410 CDF

YEARLY AVERAGE

0.6270 CDF

2023 UGX to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 0.7430. Conversely, the yearly low was recorded on April 4, dropping to 0.5410.

This high-to-low spread represents a total annual volatility of 0.2020 CDF. From a start-to-finish perspective, comparing the January average rate of 0.5550 to the December average rate of 0.7200, the exchange rate registered a net change of 29.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7430 was up 29.22% compared to the 2022 peak of 0.5750, 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 3,715 CDF

2022 Average 2,739 CDF

Yearly Trough Low 2,705 CDF

Transaction Impact: A difference of 1,010.23 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7366

0.5368

JanuMarcMayJulySeptNove

UGX to CDF 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 0.5747, compared to 0.6793 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1046 points.

H1 Avg (Jan–Jun) 0.5747

H2 Avg (Jul–Dec) 0.6793

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0782 CDF (High: 0.6263 / Low: 0.5481). On the other end, September was the most stable month, with a tight range of 0.0152 CDF (High: 0.6716 / Low: 0.6564).

May Spread (Volatile) ±0.0782

September Spread (Stable) ±0.0152

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 0.0086 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0086

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.7200) against the same month in 2022 (average: 0.5548), the exchange rate shifted by +0.1652 (+29.77%).

2023 Avg (December) 0.7200

2022 Avg (December) 0.5548

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5619	0.5459	0.5550
February	0.5678	0.5495	0.5594
March	0.5610	0.5438	0.5534
April	0.5808	0.5410	0.5561
May	0.6263	0.5481	0.5873
June	0.6567	0.6205	0.6372
July	0.6986	0.6567	0.6744
August	0.6877	0.6564	0.6729
September	0.6716	0.6564	0.6643
October	0.6899	0.6594	0.6710
November	0.7132	0.6510	0.6732
December	0.7430	0.7019	0.7200