2023 BAM to RWF Historical Review

YEARLY HIGH

714.1665 RWF

YEARLY LOW

574.3835 RWF

YEARLY AVERAGE

640.5849 RWF

2023 BAM to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BAM to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 714.1665. Conversely, the yearly low was recorded on January 8, dropping to 574.3835.

This high-to-low spread represents a total annual volatility of 139.7830 RWF. From a start-to-finish perspective, comparing the January average rate of 591.3589 to the December average rate of 699.8916, the exchange rate registered a net change of 18.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 714.1665 was up 17.39% compared to the 2022 peak of 608.3455, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,570,833 RWF

2022 Average 2,790,501 RWF

Yearly Trough Low 2,871,918 RWF

Transaction Impact: A difference of 698,914.85 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

710.7449

580.5057

JanuMarcMayJulySeptNove

BAM 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 610.9956, compared to 670.1743 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 59.1786 points.

H1 Avg (Jan–Jun) 610.9956

H2 Avg (Jul–Dec) 670.1743

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 39.9521 RWF (High: 658.0617 / Low: 618.1096). On the other end, September was the most stable month, with a tight range of 9.0520 RWF (High: 662.3388 / Low: 653.2868).

June Spread (Volatile) ±39.9521

September Spread (Stable) ±9.0520

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 2.0382 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -2.0382

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 699.8916) against the same month in 2022 (average: 579.4242), the exchange rate shifted by +120.4674 (+20.79%).

2023 Avg (December) 699.8916

2022 Avg (December) 579.4242

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	602.3450	574.3835	591.3589
February	612.7472	588.7499	595.1230
March	617.4776	588.1302	598.7751
April	641.0171	614.8947	622.6292
May	631.8720	617.1327	623.9029
June	658.0617	618.1096	634.1845
July	673.0468	643.1401	660.5437
August	664.9638	655.5815	660.0454
September	662.3388	653.2868	658.0072
October	670.6033	649.9005	660.3660
November	696.5663	667.5567	682.1916
December	714.1665	687.5673	699.8916