2023 WST to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 WST to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the WST to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on March 29, valuing the pair at 1404.6785. Conversely, the yearly low was recorded on August 6, dropping to 1318.5304.
This high-to-low spread represents a total annual volatility of 86.1480 UGX. From a start-to-finish perspective, comparing the January average rate of 1368.5762 to the December average rate of 1350.6001, the exchange rate registered a net change of -1.31% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1404.6785 was down 3.39% compared to the 2022 peak of 1454.0426, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 WST based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
WST 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 1369.9884, compared to 1356.2824 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 13.7060 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 58.8762 UGX (High: 1377.4067 / Low: 1318.5304). On the other end, December was the most stable month, with a tight range of 17.0105 UGX (High: 1359.3827 / Low: 1342.3722).
Growth Streaks & Declines
TrendsBetween July and September, 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 15.6258 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 1384.8294) against the same month in 2022 (average: 1373.9020), the exchange rate shifted by +10.9274 (+0.80%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1383.4100 | 1355.9149 | 1368.5762 |
| February | 1380.5870 | 1352.8047 | 1366.7640 |
| March | 1404.6785 | 1369.6192 | 1384.8294 |
| April | 1387.7660 | 1362.9467 | 1373.2934 |
| May | 1386.4839 | 1361.3632 | 1367.2550 |
| June | 1377.4570 | 1340.0469 | 1359.2126 |
| July | 1356.4267 | 1324.5422 | 1343.7104 |
| August | 1377.4067 | 1318.5304 | 1353.9884 |
| September | 1386.5125 | 1366.5972 | 1375.3428 |
| October | 1386.4070 | 1338.0525 | 1364.8393 |
| November | 1363.4821 | 1339.7405 | 1349.2136 |
| December | 1359.3827 | 1342.3722 | 1350.6001 |