2023 XDR to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 XDR to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the XDR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 5113.7363. Conversely, the yearly low was recorded on August 12, dropping to 4825.1068.
This high-to-low spread represents a total annual volatility of 288.6294 UGX. From a start-to-finish perspective, comparing the January average rate of 4959.7163 to the December average rate of 5043.3665, the exchange rate registered a net change of 1.69% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 5113.7363 was down 5.55% compared to the 2022 peak of 5413.9888, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XDR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
XDR 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 4981.8374, compared to 4957.2128 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 24.6246 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 162.1603 UGX (High: 4987.2671 / Low: 4825.1068). On the other end, October was the most stable month, with a tight range of 47.7359 UGX (High: 4959.5044 / Low: 4911.7685).
Growth Streaks & Declines
TrendsBetween February and April, 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 May and June, when the average rate fell by 66.3898 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 5051.9017) against the same month in 2022 (average: 4908.6931), the exchange rate shifted by +143.2085 (+2.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4985.4034 | 4917.7316 | 4959.7163 |
| February | 5000.4002 | 4894.3155 | 4938.0033 |
| March | 5084.6465 | 4923.1041 | 4986.3228 |
| April | 5113.7363 | 5026.9951 | 5051.9017 |
| May | 5046.6792 | 4972.0787 | 5010.7352 |
| June | 4998.4129 | 4887.0784 | 4944.3453 |
| July | 4965.2687 | 4855.1496 | 4919.7442 |
| August | 4987.2671 | 4825.1068 | 4913.7145 |
| September | 4975.1359 | 4910.8850 | 4942.8966 |
| October | 4959.5044 | 4911.7685 | 4928.2270 |
| November | 5080.6259 | 4943.9402 | 4995.3278 |
| December | 5073.3196 | 5005.4417 | 5043.3665 |