2023 BHD to RWF Historical Review

YEARLY HIGH

3349.2861 RWF

YEARLY LOW

2834.3850 RWF

YEARLY AVERAGE

3072.9429 RWF

2023 BHD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 3349.2861. Conversely, the yearly low was recorded on January 2, dropping to 2834.3850.

This high-to-low spread represents a total annual volatility of 514.9011 RWF. From a start-to-finish perspective, comparing the January average rate of 2851.2724 to the December average rate of 3325.6717, the exchange rate registered a net change of 16.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3349.2861 was up 16.28% compared to the 2022 peak of 2880.2940, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 16,746,431 RWF

2022 Average 13,740,169 RWF

Yearly Trough Low 14,171,925 RWF

Transaction Impact: A difference of 2,574,505.32 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3373.1116

2803.8325

JanuMarcMayJulySeptNove

BHD 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 2933.5070, compared to 3212.3788 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 278.8717 points.

H1 Avg (Jan–Jun) 2933.5070

H2 Avg (Jul–Dec) 3212.3788

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 130.1571 RWF (High: 3123.4186 / Low: 2993.2615). On the other end, January was the most stable month, with a tight range of 36.5489 RWF (High: 2870.9339 / Low: 2834.3850).

June Spread (Volatile) ±130.1571

January Spread (Stable) ±36.5489

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: 3325.6717) against the same month in 2022 (average: 2841.1747), the exchange rate shifted by +484.4970 (+17.05%).

2023 Avg (December) 3325.6717

2022 Avg (December) 2841.1747

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2870.9339	2834.3850	2851.2724
February	2905.9432	2867.4199	2884.5016
March	2949.3141	2882.3900	2904.4911
April	3009.6806	2923.4176	2945.6576
May	3006.8626	2952.7800	2977.2206
June	3123.4186	2993.2615	3037.8988
July	3160.5865	3066.0116	3101.3834
August	3165.0438	3099.6286	3137.1762
September	3245.6579	3156.6248	3192.8202
October	3275.0140	3207.7678	3241.6874
November	3307.8297	3249.7267	3275.5338
December	3349.2861	3284.5981	3325.6717