2023 UGX to CNY Historical Review

YEARLY HIGH

0.0020 CNY

YEARLY LOW

0.0018 CNY

YEARLY AVERAGE

0.0019 CNY

2023 UGX to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 11, valuing the pair at 0.0020. Conversely, the yearly low was recorded on March 23, dropping to 0.0018.

This high-to-low spread represents a total annual volatility of 0.0002 CNY. From a start-to-finish perspective, comparing the January average rate of 0.0018 to the December average rate of 0.0019, the exchange rate registered a net change of 2.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0020 was up 3.51% compared to the 2022 peak of 0.0019, 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 10 CNY

2022 Average 9 CNY

Yearly Trough Low 9 CNY

Transaction Impact: A difference of 0.95 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0020

0.0018

JanuMarcMayJulySeptNove

UGX to CNY 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 0.0019, compared to 0.0019 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0019

H2 Avg (Jul–Dec) 0.0019

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0001 CNY (High: 0.0020 / Low: 0.0019). On the other end, January was the most stable month, with a tight range of 0.0000 CNY (High: 0.0019 / Low: 0.0018).

June Spread (Volatile) ±0.0001

January Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between April and August, 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 October and November, when the average rate fell by 0.0000 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0020) against the same month in 2022 (average: 0.0018), the exchange rate shifted by +0.0002 (+10.93%).

2023 Avg (August) 0.0020

2022 Avg (August) 0.0018

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0019	0.0018	0.0018
February	0.0019	0.0018	0.0019
March	0.0019	0.0018	0.0018
April	0.0019	0.0018	0.0018
May	0.0019	0.0019	0.0019
June	0.0020	0.0019	0.0019
July	0.0020	0.0019	0.0020
August	0.0020	0.0019	0.0020
September	0.0020	0.0019	0.0020
October	0.0020	0.0019	0.0019
November	0.0019	0.0019	0.0019
December	0.0019	0.0019	0.0019