The Ugandan Shilling hit a monthly low, trading as low as 3,740 against the USD. The decline follows the end-of-fiscal-year tax demands, compounded by a drop in coffee and cocoa export inflows. According to the head of trading at Absa Bank Uganda, market volatility is expected to persist, with projected trading levels ranging between 3,680 to 3,780 shillings in the near term.