2023 UGX to MKD Historical Review

YEARLY HIGH

0.0158 MKD

YEARLY LOW

0.0146 MKD

YEARLY AVERAGE

0.0153 MKD

2023 UGX to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.0158. Conversely, the yearly low was recorded on December 28, dropping to 0.0146.

This high-to-low spread represents a total annual volatility of 0.0012 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0155 to the December average rate of 0.0149, the exchange rate registered a net change of -3.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0158 was down 4.78% compared to the 2022 peak of 0.0166, 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 79 MKD

2022 Average 79 MKD

Yearly Trough Low 73 MKD

Transaction Impact: A difference of 6.01 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0157

0.0148

JanuMarcMayJulySeptNove

UGX to MKD 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 0.0153, compared to 0.0152 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0153

H2 Avg (Jul–Dec) 0.0152

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0008 MKD (High: 0.0158 / Low: 0.0149). On the other end, June was the most stable month, with a tight range of 0.0002 MKD (High: 0.0155 / Low: 0.0152).

March Spread (Volatile) ±0.0008

June Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0155) against the same month in 2022 (average: 0.0154), the exchange rate shifted by +0.0001 (+0.41%).

2023 Avg (January) 0.0155

2022 Avg (January) 0.0154

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0158	0.0153	0.0155
February	0.0158	0.0153	0.0156
March	0.0158	0.0149	0.0154
April	0.0152	0.0148	0.0150
May	0.0154	0.0150	0.0152
June	0.0155	0.0152	0.0154
July	0.0155	0.0149	0.0152
August	0.0156	0.0150	0.0153
September	0.0156	0.0153	0.0154
October	0.0157	0.0154	0.0155
November	0.0155	0.0147	0.0151
December	0.0152	0.0146	0.0149