2023 UGX to STD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 UGX to STD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the UGX to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 23, valuing the pair at 6.2723. Conversely, the yearly low was recorded on November 30, dropping to 5.8364.
This high-to-low spread represents a total annual volatility of 0.4359 STD. From a start-to-finish perspective, comparing the January average rate of 6.1825 to the December average rate of 5.8921, the exchange rate registered a net change of -4.70% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 6.2723 was down 0.00% compared to the 2022 peak of 6.2723, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 UGX based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
UGX to STD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 6.1443, compared to 5.9929 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1514 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 0.2657 STD (High: 6.2163 / Low: 5.9506). On the other end, December was the most stable month, with a tight range of 0.0742 STD (High: 5.9282 / Low: 5.8540).
Growth Streaks & Declines
TrendsBetween 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 July and August, when the average rate fell by 0.1603 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 6.2151) against the same month in 2022 (average: 5.8760), the exchange rate shifted by +0.3392 (+5.77%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.2401 | 6.1161 | 6.1825 |
| February | 6.2544 | 6.1286 | 6.1908 |
| March | 6.1776 | 6.0234 | 6.1082 |
| April | 6.1442 | 6.0343 | 6.0980 |
| May | 6.1513 | 6.0399 | 6.1249 |
| June | 6.2492 | 6.0795 | 6.1614 |
| July | 6.2723 | 6.0816 | 6.2151 |
| August | 6.2163 | 5.9506 | 6.0548 |
| September | 5.9976 | 5.9115 | 5.9596 |
| October | 5.9763 | 5.8884 | 5.9376 |
| November | 5.9398 | 5.8364 | 5.8982 |
| December | 5.9282 | 5.8540 | 5.8921 |