2023 UGX to CRC Historical Review

YEARLY HIGH

0.1592 CRC

YEARLY LOW

0.1374 CRC

YEARLY AVERAGE

0.1455 CRC

2023 UGX to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.1592. Conversely, the yearly low was recorded on December 29, dropping to 0.1374.

This high-to-low spread represents a total annual volatility of 0.0217 CRC. From a start-to-finish perspective, comparing the January average rate of 0.1557 to the December average rate of 0.1389, the exchange rate registered a net change of -10.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1592 was down 15.30% compared to the 2022 peak of 0.1880, 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 796 CRC

2022 Average 875 CRC

Yearly Trough Low 687 CRC

Transaction Impact: A difference of 108.73 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1574

0.1372

JanuMarcMayJulySeptNove

UGX to CRC 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 0.1480, compared to 0.1430 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0050 points.

H1 Avg (Jan–Jun) 0.1480

H2 Avg (Jul–Dec) 0.1430

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0094 CRC (High: 0.1592 / Low: 0.1498). On the other end, December was the most stable month, with a tight range of 0.0026 CRC (High: 0.1400 / Low: 0.1374).

January Spread (Volatile) ±0.0094

December Spread (Stable) ±0.0026

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 February and March, when the average rate fell by 0.0073 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1557) against the same month in 2022 (average: 0.1810), the exchange rate shifted by -0.0254 (-14.01%).

2023 Avg (January) 0.1557

2022 Avg (January) 0.1810

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1592	0.1498	0.1557
February	0.1588	0.1497	0.1533
March	0.1507	0.1425	0.1460
April	0.1440	0.1413	0.1431
May	0.1461	0.1428	0.1442
June	0.1482	0.1438	0.1458
July	0.1494	0.1463	0.1475
August	0.1511	0.1429	0.1463
September	0.1450	0.1416	0.1432
October	0.1433	0.1403	0.1417
November	0.1420	0.1388	0.1404
December	0.1400	0.1374	0.1389