2023 UGX to MNT Historical Review

YEARLY HIGH

0.9671 MNT

YEARLY LOW

0.8991 MNT

YEARLY AVERAGE

0.9298 MNT

2023 UGX to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 23, valuing the pair at 0.9671. Conversely, the yearly low was recorded on March 29, dropping to 0.8991.

This high-to-low spread represents a total annual volatility of 0.0679 MNT. From a start-to-finish perspective, comparing the January average rate of 0.9229 to the December average rate of 0.9123, the exchange rate registered a net change of -1.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9671 was up 3.29% compared to the 2022 peak of 0.9363, 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 4,835 MNT

2022 Average 4,231 MNT

Yearly Trough Low 4,496 MNT

Transaction Impact: A difference of 339.64 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9634

0.9077

JanuMarcMayJulySeptNove

UGX to MNT 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 0.9324, compared to 0.9273 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) 0.9324

H2 Avg (Jul–Dec) 0.9273

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0411 MNT (High: 0.9625 / Low: 0.9214). On the other end, December was the most stable month, with a tight range of 0.0115 MNT (High: 0.9179 / Low: 0.9064).

August Spread (Volatile) ±0.0411

December Spread (Stable) ±0.0115

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0213 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0213

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.9588) against the same month in 2022 (average: 0.8288), the exchange rate shifted by +0.1300 (+15.69%).

2023 Avg (July) 0.9588

2022 Avg (July) 0.8288

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9315	0.9130	0.9229
February	0.9336	0.9148	0.9241
March	0.9354	0.8991	0.9127
April	0.9473	0.9304	0.9402
May	0.9484	0.9312	0.9443
June	0.9635	0.9373	0.9500
July	0.9671	0.9416	0.9588
August	0.9625	0.9214	0.9375
September	0.9286	0.9153	0.9228
October	0.9253	0.9117	0.9193
November	0.9197	0.9037	0.9132
December	0.9179	0.9064	0.9123