2023 AFN to RWF Historical Review

YEARLY HIGH

18.1514 RWF

YEARLY LOW

11.8899 RWF

YEARLY AVERAGE

14.1569 RWF

2023 AFN to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 18.1514. Conversely, the yearly low was recorded on January 16, dropping to 11.8899.

This high-to-low spread represents a total annual volatility of 6.2615 RWF. From a start-to-finish perspective, comparing the January average rate of 12.0956 to the December average rate of 17.9271, the exchange rate registered a net change of 48.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.1514 was up 44.80% compared to the 2022 peak of 12.5357, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 90,757 RWF

2022 Average 57,712 RWF

Yearly Trough Low 59,450 RWF

Transaction Impact: A difference of 31,307.39 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.5103

11.5124

JanuMarcMayJulySeptNove

AFN to RWF 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 12.5897, compared to 15.7240 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.1344 points.

H1 Avg (Jan–Jun) 12.5897

H2 Avg (Jul–Dec) 15.7240

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 1.7637 RWF (High: 16.3720 / Low: 14.6083). On the other end, January was the most stable month, with a tight range of 0.3492 RWF (High: 12.2391 / Low: 11.8899).

September Spread (Volatile) ±1.7637

January Spread (Stable) ±0.3492

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 17.9271) against the same month in 2022 (average: 12.2426), the exchange rate shifted by +5.6846 (+46.43%).

2023 Avg (December) 17.9271

2022 Avg (December) 12.2426

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.2391	11.8899	12.0956
February	12.4197	11.8927	12.1195
March	12.8617	12.1791	12.4884
April	13.1816	12.1275	12.8094
May	13.0172	12.5872	12.8246
June	13.8124	12.9162	13.2005
July	13.8250	13.1679	13.4864
August	14.6509	13.5846	14.0138
September	16.3720	14.6083	15.4467
October	16.7579	15.5289	16.1831
November	17.9777	16.5057	17.2870
December	18.1514	17.6738	17.9271