2023 UGX to ZAR Historical Review

YEARLY HIGH

0.0053 ZAR

YEARLY LOW

0.0045 ZAR

YEARLY AVERAGE

0.0050 ZAR

2023 UGX to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.0053. Conversely, the yearly low was recorded on January 4, dropping to 0.0045.

This high-to-low spread represents a total annual volatility of 0.0008 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0046 to the December average rate of 0.0049, the exchange rate registered a net change of 6.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0053 was up 9.14% compared to the 2022 peak of 0.0049, 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 27 ZAR

2022 Average 22 ZAR

Yearly Trough Low 23 ZAR

Transaction Impact: A difference of 3.90 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0052

0.0046

JanuMarcMayJulySeptNove

UGX to ZAR 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 0.0049, compared to 0.0050 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0049

H2 Avg (Jul–Dec) 0.0050

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0004 ZAR (High: 0.0052 / Low: 0.0048). On the other end, September was the most stable month, with a tight range of 0.0002 ZAR (High: 0.0052 / Low: 0.0050).

July Spread (Volatile) ±0.0004

September Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0051) against the same month in 2022 (average: 0.0044), the exchange rate shifted by +0.0007 (+16.93%).

2023 Avg (May) 0.0051

2022 Avg (May) 0.0044

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0047	0.0045	0.0046
February	0.0050	0.0046	0.0049
March	0.0051	0.0047	0.0049
April	0.0049	0.0047	0.0049
May	0.0053	0.0049	0.0051
June	0.0052	0.0049	0.0051
July	0.0052	0.0048	0.0050
August	0.0052	0.0049	0.0051
September	0.0052	0.0050	0.0051
October	0.0052	0.0049	0.0051
November	0.0050	0.0048	0.0049
December	0.0050	0.0048	0.0049