2023 CRC to RWF Historical Review

YEARLY HIGH

2.4235 RWF

YEARLY LOW

1.8061 RWF

YEARLY AVERAGE

2.1415 RWF

2023 CRC to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CRC to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.4235. Conversely, the yearly low was recorded on January 2, dropping to 1.8061.

This high-to-low spread represents a total annual volatility of 0.6175 RWF. From a start-to-finish perspective, comparing the January average rate of 1.8710 to the December average rate of 2.3879, the exchange rate registered a net change of 27.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4235 was up 31.91% compared to the 2022 peak of 1.8373, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,118 RWF

2022 Average 8,049 RWF

Yearly Trough Low 9,030 RWF

Transaction Impact: A difference of 3,087.47 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4396

1.8193

JanuMarcMayJulySeptNove

CRC 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 2.0130, compared to 2.2700 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2570 points.

H1 Avg (Jan–Jun) 2.0130

H2 Avg (Jul–Dec) 2.2700

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1504 RWF (High: 1.9564 / Low: 1.8061). On the other end, November was the most stable month, with a tight range of 0.0473 RWF (High: 2.3495 / Low: 2.3021).

January Spread (Volatile) ±0.1504

November Spread (Stable) ±0.0473

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: 2.3879) against the same month in 2022 (average: 1.8160), the exchange rate shifted by +0.5719 (+31.49%).

2023 Avg (December) 2.3879

2022 Avg (December) 1.8160

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9564	1.8061	1.8710
February	1.9666	1.8588	1.9229
March	2.0549	1.9536	2.0053
April	2.1383	2.0346	2.0718
May	2.1202	2.0528	2.0876
June	2.1724	2.0926	2.1195
July	2.2070	2.1258	2.1627
August	2.2296	2.1580	2.1979
September	2.2839	2.2071	2.2470
October	2.3242	2.2635	2.2976
November	2.3495	2.3021	2.3270
December	2.4235	2.3487	2.3879