2023 BGN to RWF Historical Review

YEARLY HIGH

715.1422 RWF

YEARLY LOW

575.6959 RWF

YEARLY AVERAGE

640.5624 RWF

2023 BGN to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 715.1422. Conversely, the yearly low was recorded on January 5, dropping to 575.6959.

This high-to-low spread represents a total annual volatility of 139.4462 RWF. From a start-to-finish perspective, comparing the January average rate of 592.5871 to the December average rate of 700.1553, the exchange rate registered a net change of 18.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 715.1422 was up 17.58% compared to the 2022 peak of 608.2040, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,575,711 RWF

2022 Average 2,789,807 RWF

Yearly Trough Low 2,878,480 RWF

Transaction Impact: A difference of 697,231.18 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

710.9121

581.8302

JanuMarcMayJulySeptNove

BGN 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 611.0908, compared to 670.0340 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 58.9432 points.

H1 Avg (Jan–Jun) 611.0908

H2 Avg (Jul–Dec) 670.0340

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 37.1966 RWF (High: 656.0578 / Low: 618.8612). On the other end, September was the most stable month, with a tight range of 9.9219 RWF (High: 662.3388 / Low: 652.4168).

June Spread (Volatile) ±37.1966

September Spread (Stable) ±9.9219

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 2.8547 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -2.8547

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 700.1553) against the same month in 2022 (average: 579.2904), the exchange rate shifted by +120.8649 (+20.86%).

2023 Avg (December) 700.1553

2022 Avg (December) 579.2904

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	602.1188	575.6959	592.5871
February	607.3738	588.6699	594.2932
March	617.0264	588.3470	599.1280
April	641.4618	615.3449	622.6152
May	630.8390	616.3689	623.3575
June	656.0578	618.8612	634.5638
July	671.6327	642.8238	660.5020
August	666.7552	655.2011	659.7356
September	662.3388	652.4168	656.8808
October	667.8616	649.5027	660.1441
November	698.7857	669.3857	682.7864
December	715.1422	687.1345	700.1553