2023 CDF to RWF Historical Review

YEARLY HIGH

0.5485 RWF

YEARLY LOW

0.4497 RWF

YEARLY AVERAGE

0.4983 RWF

2023 CDF to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CDF to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 15, valuing the pair at 0.5485. Conversely, the yearly low was recorded on December 21, dropping to 0.4497.

This high-to-low spread represents a total annual volatility of 0.0988 RWF. From a start-to-finish perspective, comparing the January average rate of 0.5246 to the December average rate of 0.4607, the exchange rate registered a net change of -12.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5485 was up 3.23% compared to the 2022 peak of 0.5314, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,743 RWF

2022 Average 2,565 RWF

Yearly Trough Low 2,249 RWF

Transaction Impact: A difference of 494.11 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5406

0.4534

JanuMarcMayJulySeptNove

CDF 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 0.5188, compared to 0.4778 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0410 points.

H1 Avg (Jan–Jun) 0.5188

H2 Avg (Jul–Dec) 0.4778

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0652 RWF (High: 0.5485 / Low: 0.4833). On the other end, January was the most stable month, with a tight range of 0.0108 RWF (High: 0.5299 / Low: 0.5192).

May Spread (Volatile) ±0.0652

January Spread (Stable) ±0.0108

Growth Streaks & Declines

Trends

Between July and November, 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 May and June, when the average rate fell by 0.0294 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0294

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.5144) against the same month in 2022 (average: 0.5089), the exchange rate shifted by +0.0055 (+1.08%).

2023 Avg (May) 0.5144

2022 Avg (May) 0.5089

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5299	0.5192	0.5246
February	0.5337	0.5215	0.5268
March	0.5419	0.5239	0.5290
April	0.5458	0.5093	0.5333
May	0.5485	0.4833	0.5144
June	0.4934	0.4798	0.4849
July	0.4834	0.4605	0.4732
August	0.4843	0.4732	0.4777
September	0.4919	0.4795	0.4845
October	0.4978	0.4720	0.4854
November	0.5007	0.4562	0.4857
December	0.4717	0.4497	0.4607