2023 UYU to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 UYU to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the UYU to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on September 4, valuing the pair at 98.9731. Conversely, the yearly low was recorded on February 19, dropping to 92.2020.
This high-to-low spread represents a total annual volatility of 6.7712 UGX. From a start-to-finish perspective, comparing the January average rate of 93.5147 to the December average rate of 96.2917, the exchange rate registered a net change of 2.97% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 98.9731 was up 2.36% compared to the 2022 peak of 96.6955, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 UYU based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
UYU to UGX 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 95.4363, compared to 96.4271 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9908 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 5.2914 UGX (High: 98.9366 / Low: 93.6452). On the other end, September was the most stable month, with a tight range of 1.6966 UGX (High: 98.9731 / Low: 97.2766).
Growth Streaks & Declines
TrendsBetween January and April, 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 September and October, when the average rate fell by 3.5658 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2023: 98.3011) against the same month in 2022 (average: 93.4208), the exchange rate shifted by +4.8802 (+5.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 95.4227 | 92.2122 | 93.5147 |
| February | 96.3799 | 92.2020 | 94.3563 |
| March | 97.8209 | 94.2066 | 95.5904 |
| April | 98.0416 | 95.8242 | 96.5425 |
| May | 97.4975 | 95.1562 | 95.8485 |
| June | 98.0419 | 95.4859 | 96.7652 |
| July | 98.6481 | 95.6138 | 96.7582 |
| August | 98.9366 | 93.6452 | 97.2292 |
| September | 98.9731 | 97.2766 | 98.3011 |
| October | 97.8523 | 93.7334 | 94.7353 |
| November | 97.6232 | 93.9995 | 95.2471 |
| December | 97.4011 | 94.5512 | 96.2917 |