2023 UGX to SGD Historical Review

YEARLY HIGH

0.0004 SGD

YEARLY LOW

0.0003 SGD

YEARLY AVERAGE

0.0004 SGD

2023 UGX to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 0.0004. Conversely, the yearly low was recorded on December 31, dropping to 0.0003.

This high-to-low spread represents a total annual volatility of 0.0000 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0004 to the December average rate of 0.0004, the exchange rate registered a net change of -1.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0004 was down 4.83% compared to the 2022 peak of 0.0004, 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 2 SGD

2022 Average 2 SGD

Yearly Trough Low 2 SGD

Transaction Impact: A difference of 0.13 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0004

JanuMarcMayJulySeptNove

UGX to SGD 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 0.0004, compared to 0.0004 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0004

H2 Avg (Jul–Dec) 0.0004

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0000 SGD (High: 0.0004 / Low: 0.0004). On the other end, September was the most stable month, with a tight range of 0.0000 SGD (High: 0.0004 / Low: 0.0004).

March Spread (Volatile) ±0.0000

September Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between April and August, 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 October and November, when the average rate fell by 0.0000 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0004) against the same month in 2022 (average: 0.0004), the exchange rate shifted by +0.0000 (+1.68%).

2023 Avg (August) 0.0004

2022 Avg (August) 0.0004

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0004	0.0004	0.0004
February	0.0004	0.0004	0.0004
March	0.0004	0.0004	0.0004
April	0.0004	0.0004	0.0004
May	0.0004	0.0004	0.0004
June	0.0004	0.0004	0.0004
July	0.0004	0.0004	0.0004
August	0.0004	0.0004	0.0004
September	0.0004	0.0004	0.0004
October	0.0004	0.0004	0.0004
November	0.0004	0.0003	0.0004
December	0.0004	0.0003	0.0004