2023 CAD to RWF Historical Review

YEARLY HIGH

954.7559 RWF

YEARLY LOW

782.1997 RWF

YEARLY AVERAGE

857.7891 RWF

2023 CAD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 954.7559. Conversely, the yearly low was recorded on January 3, dropping to 782.1997.

This high-to-low spread represents a total annual volatility of 172.5562 RWF. From a start-to-finish perspective, comparing the January average rate of 800.8643 to the December average rate of 935.1703, the exchange rate registered a net change of 16.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 954.7559 was up 14.99% compared to the 2022 peak of 830.2636, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,773,780 RWF

2022 Average 3,980,770 RWF

Yearly Trough Low 3,910,998 RWF

Transaction Impact: A difference of 862,781.24 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

948.8371

784.8352

JanuMarcMayJulySeptNove

CAD 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 819.7186, compared to 895.8596 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 76.1410 points.

H1 Avg (Jan–Jun) 819.7186

H2 Avg (Jul–Dec) 895.8596

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 55.1089 RWF (High: 894.3835 / Low: 839.2745). On the other end, August was the most stable month, with a tight range of 17.0353 RWF (High: 886.7665 / Low: 869.7312).

June Spread (Volatile) ±55.1089

August Spread (Stable) ±17.0353

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 8.8336 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -8.8336

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 935.1703) against the same month in 2022 (average: 786.9740), the exchange rate shifted by +148.1964 (+18.83%).

2023 Avg (December) 935.1703

2022 Avg (December) 786.9740

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	812.1690	782.1997	800.8643
February	817.6596	798.1455	807.3357
March	819.5293	783.6943	798.5021
April	838.1812	812.9687	820.9265
May	839.4120	816.2383	829.3084
June	894.3835	839.2745	861.3746
July	897.8439	868.4477	882.9889
August	886.7665	869.7312	877.1988
September	905.3716	873.8143	888.0975
October	909.1520	881.5354	891.1616
November	916.2528	887.6865	900.5406
December	954.7559	916.0303	935.1703