2023 UZS to UGX Historical Review

YEARLY HIGH

0.3320 UGX

YEARLY LOW

0.3034 UGX

YEARLY AVERAGE

0.3176 UGX

2023 UZS to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UZS to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 29, valuing the pair at 0.3320. Conversely, the yearly low was recorded on December 20, dropping to 0.3034.

This high-to-low spread represents a total annual volatility of 0.0286 UGX. From a start-to-finish perspective, comparing the January average rate of 0.3266 to the December average rate of 0.3061, the exchange rate registered a net change of -6.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3320 was down 6.77% compared to the 2022 peak of 0.3562, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 UZS based on timing:

Yearly Peak High 1,660 UGX

2022 Average 1,670 UGX

Yearly Trough Low 1,517 UGX

Transaction Impact: A difference of 143.22 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3305

0.3039

JanuMarcMayJulySeptNove

UZS to UGX 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 0.3262, compared to 0.3089 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0172 points.

H1 Avg (Jan–Jun) 0.3262

H2 Avg (Jul–Dec) 0.3089

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0109 UGX (High: 0.3288 / Low: 0.3179). On the other end, September was the most stable month, with a tight range of 0.0030 UGX (High: 0.3088 / Low: 0.3058).

June Spread (Volatile) ±0.0109

September Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0074 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0074

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.3283) against the same month in 2022 (average: 0.3215), the exchange rate shifted by +0.0068 (+2.11%).

2023 Avg (March) 0.3283

2022 Avg (March) 0.3215

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3314	0.3233	0.3266
February	0.3291	0.3224	0.3252
March	0.3320	0.3252	0.3283
April	0.3318	0.3257	0.3282
May	0.3313	0.3241	0.3257
June	0.3288	0.3179	0.3231
July	0.3204	0.3112	0.3163
August	0.3120	0.3060	0.3089
September	0.3088	0.3058	0.3073
October	0.3093	0.3051	0.3072
November	0.3109	0.3060	0.3078
December	0.3092	0.3034	0.3061