2023 UGX to MVR Historical Review

YEARLY HIGH

0.0043 MVR

YEARLY LOW

0.0040 MVR

YEARLY AVERAGE

0.0041 MVR

2023 UGX to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 0.0043. Conversely, the yearly low was recorded on November 30, dropping to 0.0040.

This high-to-low spread represents a total annual volatility of 0.0003 MVR. From a start-to-finish perspective, comparing the January average rate of 0.0042 to the December average rate of 0.0041, the exchange rate registered a net change of -2.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0043 was down 3.22% compared to the 2022 peak of 0.0044, 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 21 MVR

2022 Average 21 MVR

Yearly Trough Low 20 MVR

Transaction Impact: A difference of 1.31 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0042

0.0041

JanuMarcMayJulySeptNove

UGX to MVR 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 0.0041, compared to 0.0041 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0041

H2 Avg (Jul–Dec) 0.0041

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0002 MVR (High: 0.0043 / Low: 0.0041). On the other end, December was the most stable month, with a tight range of 0.0001 MVR (High: 0.0041 / Low: 0.0040).

August Spread (Volatile) ±0.0002

December 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: 0.0042) against the same month in 2022 (average: 0.0040), the exchange rate shifted by +0.0002 (+4.27%).

2023 Avg (August) 0.0042

2022 Avg (August) 0.0040

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0042	0.0041	0.0042
February	0.0042	0.0041	0.0042
March	0.0042	0.0041	0.0041
April	0.0041	0.0041	0.0041
May	0.0041	0.0040	0.0041
June	0.0042	0.0041	0.0041
July	0.0043	0.0042	0.0042
August	0.0043	0.0041	0.0042
September	0.0042	0.0041	0.0041
October	0.0041	0.0041	0.0041
November	0.0041	0.0040	0.0041
December	0.0041	0.0040	0.0041