2023 UGX to TRY Historical Review

YEARLY HIGH

0.0078 TRY

YEARLY LOW

0.0050 TRY

YEARLY AVERAGE

0.0064 TRY

2023 UGX to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.0078. Conversely, the yearly low was recorded on January 3, dropping to 0.0050.

This high-to-low spread represents a total annual volatility of 0.0028 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0051 to the December average rate of 0.0077, the exchange rate registered a net change of 51.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0078 was up 52.35% compared to the 2022 peak of 0.0051, 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 39 TRY

2022 Average 22 TRY

Yearly Trough Low 25 TRY

Transaction Impact: A difference of 13.97 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0080

0.0048

JanuMarcMayJulySeptNove

UGX to TRY 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 0.0054, compared to 0.0074 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.0054

H2 Avg (Jul–Dec) 0.0074

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0015 TRY (High: 0.0071 / Low: 0.0056). On the other end, February was the most stable month, with a tight range of 0.0001 TRY (High: 0.0052 / Low: 0.0051).

June Spread (Volatile) ±0.0015

February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 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 5 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0077) against the same month in 2022 (average: 0.0051), the exchange rate shifted by +0.0026 (+52.11%).

2023 Avg (December) 0.0077

2022 Avg (December) 0.0051

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0051	0.0050	0.0051
February	0.0052	0.0051	0.0051
March	0.0051	0.0050	0.0051
April	0.0052	0.0051	0.0052
May	0.0055	0.0052	0.0053
June	0.0071	0.0056	0.0064
July	0.0075	0.0070	0.0072
August	0.0075	0.0070	0.0073
September	0.0073	0.0072	0.0072
October	0.0075	0.0073	0.0074
November	0.0076	0.0075	0.0076
December	0.0078	0.0076	0.0077