2023 CNY to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CNY to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CNY to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 178.2199. Conversely, the yearly low was recorded on January 3, dropping to 154.6691.
This high-to-low spread represents a total annual volatility of 23.5508 RWF. From a start-to-finish perspective, comparing the January average rate of 158.2533 to the December average rate of 176.1628, the exchange rate registered a net change of 11.32% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 178.2199 was up 8.51% compared to the 2022 peak of 164.2411, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 CNY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CNY to RWF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 159.5602, compared to 167.7419 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.1817 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 8.1049 RWF (High: 166.9774 / Low: 158.8725). On the other end, August was the most stable month, with a tight range of 3.2894 RWF (High: 165.3659 / Low: 162.0764).
Growth Streaks & Declines
TrendsBetween June and December, 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 May and June, when the average rate fell by 0.5815 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 176.1628) against the same month in 2022 (average: 153.5320), the exchange rate shifted by +22.6309 (+14.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 160.3760 | 154.6691 | 158.2533 |
| February | 161.7527 | 156.4771 | 158.7609 |
| March | 161.7586 | 156.6271 | 158.7121 |
| April | 164.5090 | 159.8236 | 161.1223 |
| May | 161.9012 | 158.5591 | 160.5471 |
| June | 162.5274 | 158.7136 | 159.9656 |
| July | 166.9774 | 158.8725 | 162.5569 |
| August | 165.3659 | 162.0764 | 163.3894 |
| September | 167.7546 | 163.1673 | 165.0084 |
| October | 170.4875 | 166.1896 | 167.9909 |
| November | 175.7188 | 168.0784 | 171.3431 |
| December | 178.2199 | 174.0089 | 176.1628 |