2023 BND to RWF Historical Review

YEARLY HIGH

954.3939 RWF

YEARLY LOW

794.1366 RWF

YEARLY AVERAGE

862.4291 RWF

2023 BND to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 954.3939. Conversely, the yearly low was recorded on January 8, dropping to 794.1366.

This high-to-low spread represents a total annual volatility of 160.2572 RWF. From a start-to-finish perspective, comparing the January average rate of 809.9962 to the December average rate of 941.2504, the exchange rate registered a net change of 16.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 954.3939 was up 18.93% compared to the 2022 peak of 802.5092, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,771,969 RWF

2022 Average 3,758,039 RWF

Yearly Trough Low 3,970,683 RWF

Transaction Impact: A difference of 801,286.14 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

954.3758

796.8708

JanuMarcMayJulySeptNove

BND 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 827.4865, compared to 897.3718 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 69.8853 points.

H1 Avg (Jan–Jun) 827.4865

H2 Avg (Jul–Dec) 897.3718

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 40.8580 RWF (High: 895.3281 / Low: 854.4701). On the other end, August was the most stable month, with a tight range of 11.0300 RWF (High: 882.1839 / Low: 871.1539).

July Spread (Volatile) ±40.8580

August Spread (Stable) ±11.0300

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: 941.2504) against the same month in 2022 (average: 791.9878), the exchange rate shifted by +149.2626 (+18.85%).

2023 Avg (December) 941.2504

2022 Avg (December) 791.9878

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	823.7163	794.1366	809.9962
February	833.7053	807.9792	815.7718
March	838.1159	805.9250	816.5441
April	852.7418	830.0202	834.1850
May	844.5015	829.9364	837.9691
June	870.9145	835.2787	850.4526
July	895.3281	854.4701	875.4544
August	882.1839	871.1539	875.8597
September	896.4102	873.8278	883.3076
October	902.6479	882.5245	892.8538
November	930.9955	903.1292	915.5048
December	954.3939	929.3883	941.2504