2023 UGX to JMD Historical Review

YEARLY HIGH

0.0429 JMD

YEARLY LOW

0.0398 JMD

YEARLY AVERAGE

0.0414 JMD

2023 UGX to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 3, valuing the pair at 0.0429. Conversely, the yearly low was recorded on March 29, dropping to 0.0398.

This high-to-low spread represents a total annual volatility of 0.0031 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0414 to the December average rate of 0.0411, the exchange rate registered a net change of -0.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0429 was down 4.21% compared to the 2022 peak of 0.0448, 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 215 JMD

2022 Average 208 JMD

Yearly Trough Low 199 JMD

Transaction Impact: A difference of 15.56 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0423

0.0405

JanuMarcMayJulySeptNove

UGX to JMD 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 0.0413, compared to 0.0415 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0413

H2 Avg (Jul–Dec) 0.0415

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0016 JMD (High: 0.0414 / Low: 0.0398). On the other end, September was the most stable month, with a tight range of 0.0005 JMD (High: 0.0415 / Low: 0.0410).

March Spread (Volatile) ±0.0016

September Spread (Stable) ±0.0005

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 0.0012 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0420) against the same month in 2022 (average: 0.0396), the exchange rate shifted by +0.0024 (+6.15%).

2023 Avg (August) 0.0420

2022 Avg (August) 0.0396

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0420	0.0405	0.0414
February	0.0421	0.0413	0.0418
March	0.0414	0.0398	0.0407
April	0.0410	0.0398	0.0406
May	0.0416	0.0409	0.0414
June	0.0421	0.0412	0.0417
July	0.0428	0.0416	0.0421
August	0.0429	0.0414	0.0420
September	0.0415	0.0410	0.0413
October	0.0415	0.0408	0.0413
November	0.0416	0.0407	0.0411
December	0.0414	0.0406	0.0411