2023 CVE to RWF Historical Review

YEARLY HIGH

12.6491 RWF

YEARLY LOW

10.2046 RWF

YEARLY AVERAGE

11.3451 RWF

2023 CVE to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 12.6491. Conversely, the yearly low was recorded on January 5, dropping to 10.2046.

This high-to-low spread represents a total annual volatility of 2.4445 RWF. From a start-to-finish perspective, comparing the January average rate of 10.4879 to the December average rate of 12.3964, the exchange rate registered a net change of 18.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.6491 was up 17.55% compared to the 2022 peak of 10.7608, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 63,245 RWF

2022 Average 49,370 RWF

Yearly Trough Low 51,023 RWF

Transaction Impact: A difference of 12,222.58 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.5872

10.2971

JanuMarcMayJulySeptNove

CVE 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 10.8198, compared to 11.8704 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0506 points.

H1 Avg (Jan–Jun) 10.8198

H2 Avg (Jul–Dec) 11.8704

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.7766 RWF (High: 11.6314 / Low: 10.8548). On the other end, August was the most stable month, with a tight range of 0.1662 RWF (High: 11.7945 / Low: 11.6283).

June Spread (Volatile) ±0.7766

August Spread (Stable) ±0.1662

Growth Streaks & Declines

Trends

Between January and July, 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 August and September, when the average rate fell by 0.0467 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0467

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 12.3964) against the same month in 2022 (average: 10.2603), the exchange rate shifted by +2.1361 (+20.82%).

2023 Avg (December) 12.3964

2022 Avg (December) 10.2603

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.6642	10.2046	10.4879
February	10.7449	10.4407	10.5417
March	10.9156	10.4307	10.6147
April	11.3704	10.8944	11.0195
May	11.1468	10.9122	11.0366
June	11.6314	10.8548	11.2182
July	11.9386	11.3588	11.7035
August	11.7945	11.6283	11.6989
September	11.7481	11.5781	11.6523
October	11.9020	11.5124	11.6967
November	12.3524	11.7389	12.0746
December	12.6491	12.1213	12.3964