Will the official USD/UGX mid-rate close above 3,953.19 on Friday, October 16, 2026?

This market resolves to "YES" if the official USD/UGX mid-rate published by the Bank of Uganda (BOU) for Friday, October 16, 2026, is strictly greater than 3,953.19. If the published rate is exactly 3,953.19 or lower, or if the Bank of Uganda does not publish an official daily rate for this specific date, the market resolves to "NO". The sole authoritative resolution source is the official daily foreign exchange rate release on the Bank of Uganda website (bou.or.ug).

The Ugandan foreign exchange market witnessed immense volatility on Thursday, October 15, 2026. After hitting an all-time high above 4,130 UGX per USD, the Ugandan Shilling staged a massive rally, appreciating by nearly 177 Shillings to register an official Bank of Uganda mid-rate of 3,953.19. Market analysts point to potential central bank liquidity intervention, tight shilling liquidity in the interbank money market, and institutional exporter dollar inflows as potential catalysts for the sudden retracement. The Bank of Uganda publishes its official daily indicative mid-rate at the close of every business day. This market allows traders and businesses to forecast whether Thursday's steep Shilling appreciation will hold going into the weekend, or whether Dollar demand will resurface and push the mid-rate back above 3,953.19 on Friday.