2023 AOA to RWF Historical Review

YEARLY HIGH

2.2280 RWF

YEARLY LOW

1.3973 RWF

YEARLY AVERAGE

1.7642 RWF

2023 AOA to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AOA to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 24, valuing the pair at 2.2280. Conversely, the yearly low was recorded on July 8, dropping to 1.3973.

This high-to-low spread represents a total annual volatility of 0.8306 RWF. From a start-to-finish perspective, comparing the January average rate of 2.1332 to the December average rate of 1.5091, the exchange rate registered a net change of -29.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2280 was down 12.19% compared to the 2022 peak of 2.5371, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,140 RWF

2022 Average 11,329 RWF

Yearly Trough Low 6,987 RWF

Transaction Impact: A difference of 4,153.03 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2633

1.3380

JanuMarcMayJulySeptNove

AOA 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 2.0662, compared to 1.4622 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6040 points.

H1 Avg (Jan–Jun) 2.0662

H2 Avg (Jul–Dec) 1.4622

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.5072 RWF (High: 1.9142 / Low: 1.4070). On the other end, January was the most stable month, with a tight range of 0.0246 RWF (High: 2.1466 / Low: 2.1220).

June Spread (Volatile) ±0.5072

January Spread (Stable) ±0.0246

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.4739 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.4739

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 2.1862) against the same month in 2022 (average: 2.4131), the exchange rate shifted by -0.2270 (-9.41%).

2023 Avg (April) 2.1862

2022 Avg (April) 2.4131

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1466	2.1220	2.1332
February	2.1662	2.1364	2.1515
March	2.1967	2.1380	2.1623
April	2.2280	2.1636	2.1862
May	2.1983	1.9323	2.1191
June	1.9142	1.4070	1.6452
July	1.4385	1.3973	1.4151
August	1.4464	1.4166	1.4323
September	1.4755	1.4423	1.4532
October	1.4952	1.4612	1.4763
November	1.5011	1.4660	1.4873
December	1.5219	1.4952	1.5091