2023 AWG to RWF Historical Review

YEARLY HIGH

701.3889 RWF

YEARLY LOW

593.3717 RWF

YEARLY AVERAGE

643.0590 RWF

2023 AWG to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AWG to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 701.3889. Conversely, the yearly low was recorded on January 3, dropping to 593.3717.

This high-to-low spread represents a total annual volatility of 108.0172 RWF. From a start-to-finish perspective, comparing the January average rate of 596.6913 to the December average rate of 696.2184, the exchange rate registered a net change of 16.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 701.3889 was up 16.26% compared to the 2022 peak of 603.2872, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,506,944 RWF

2022 Average 2,877,822 RWF

Yearly Trough Low 2,966,858 RWF

Transaction Impact: A difference of 540,085.98 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

706.1711

586.7385

JanuMarcMayJulySeptNove

AWG 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 613.6014, compared to 672.5167 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 58.9153 points.

H1 Avg (Jan–Jun) 613.6014

H2 Avg (Jul–Dec) 672.5167

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 28.1695 RWF (High: 654.2087 / Low: 626.0392). On the other end, February was the most stable month, with a tight range of 6.4285 RWF (High: 606.3889 / Low: 599.9603).

June Spread (Volatile) ±28.1695

February Spread (Stable) ±6.4285

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: 696.2184) against the same month in 2022 (average: 594.4417), the exchange rate shifted by +101.7767 (+17.12%).

2023 Avg (December) 696.2184

2022 Avg (December) 594.4417

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	600.7306	593.3717	596.6913
February	606.3889	599.9603	603.2870
March	617.7650	599.5914	607.4380
April	630.2890	610.0201	615.9952
May	629.7222	618.3377	622.8483
June	654.2087	626.0392	635.3485
July	659.8111	639.2183	648.3366
August	662.9325	648.3443	656.7112
September	678.8548	661.1340	668.3269
October	685.9426	671.6351	678.5515
November	699.6224	678.0056	686.9553
December	701.3889	689.7565	696.2184