2023 UGX to COP Historical Review

YEARLY HIGH

1.3428 COP

YEARLY LOW

1.0159 COP

YEARLY AVERAGE

1.1618 COP

2023 UGX to COP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 1.3428. Conversely, the yearly low was recorded on December 28, dropping to 1.0159.

This high-to-low spread represents a total annual volatility of 0.3269 COP. From a start-to-finish perspective, comparing the January average rate of 1.2766 to the December average rate of 1.0463, the exchange rate registered a net change of -18.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.3428 was down 0.10% compared to the 2022 peak of 1.3442, 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 6,714 COP

2022 Average 5,764 COP

Yearly Trough Low 5,080 COP

Transaction Impact: A difference of 1,634.60 COP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.3262

1.0209

JanuMarcMayJulySeptNove

UGX to COP 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 1.2358, compared to 1.0879 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1479 points.

H1 Avg (Jan–Jun) 1.2358

H2 Avg (Jul–Dec) 1.0879

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1155 COP (High: 1.3324 / Low: 1.2169). On the other end, December was the most stable month, with a tight range of 0.0461 COP (High: 1.0620 / Low: 1.0159).

January Spread (Volatile) ±0.1155

December Spread (Stable) ±0.0461

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0844 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0844

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1.3008) against the same month in 2022 (average: 1.1204), the exchange rate shifted by +0.1804 (+16.10%).

2023 Avg (February) 1.3008

2022 Avg (February) 1.1204

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3324	1.2169	1.2766
February	1.3428	1.2451	1.3008
March	1.3066	1.2172	1.2733
April	1.2426	1.1765	1.2114
May	1.2572	1.1617	1.2185
June	1.1809	1.1087	1.1341
July	1.1454	1.0755	1.1103
August	1.1576	1.0600	1.1066
September	1.1042	1.0429	1.0724
October	1.1652	1.0825	1.1248
November	1.0909	1.0417	1.0669
December	1.0620	1.0159	1.0463