2023 UGX to EGP Historical Review

YEARLY HIGH

0.0086 EGP

YEARLY LOW

0.0066 EGP

YEARLY AVERAGE

0.0082 EGP

2023 UGX to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 3, valuing the pair at 0.0086. Conversely, the yearly low was recorded on January 2, dropping to 0.0066.

This high-to-low spread represents a total annual volatility of 0.0020 EGP. From a start-to-finish perspective, comparing the January average rate of 0.0078 to the December average rate of 0.0082, the exchange rate registered a net change of 5.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0086 was up 26.32% compared to the 2022 peak of 0.0068, 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 43 EGP

2022 Average 26 EGP

Yearly Trough Low 33 EGP

Transaction Impact: A difference of 9.78 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0085

0.0077

JanuMarcMayJulySeptNove

UGX to EGP 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 0.0082, compared to 0.0083 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) 0.0082

H2 Avg (Jul–Dec) 0.0083

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0016 EGP (High: 0.0082 / Low: 0.0066). On the other end, October was the most stable month, with a tight range of 0.0001 EGP (High: 0.0083 / Low: 0.0082).

January Spread (Volatile) ±0.0016

October Spread (Stable) ±0.0001

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 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0084) against the same month in 2022 (average: 0.0050), the exchange rate shifted by +0.0034 (+68.15%).

2023 Avg (August) 0.0084

2022 Avg (August) 0.0050

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0082	0.0066	0.0078
February	0.0084	0.0081	0.0083
March	0.0084	0.0081	0.0082
April	0.0083	0.0082	0.0082
May	0.0083	0.0081	0.0083
June	0.0084	0.0082	0.0083
July	0.0086	0.0084	0.0084
August	0.0086	0.0083	0.0084
September	0.0083	0.0082	0.0083
October	0.0083	0.0082	0.0082
November	0.0082	0.0081	0.0082
December	0.0082	0.0081	0.0082