2023 CZK to RWF Historical Review

YEARLY HIGH

56.7067 RWF

YEARLY LOW

46.7991 RWF

YEARLY AVERAGE

52.1711 RWF

2023 CZK to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CZK to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 56.7067. Conversely, the yearly low was recorded on January 5, dropping to 46.7991.

This high-to-low spread represents a total annual volatility of 9.9076 RWF. From a start-to-finish perspective, comparing the January average rate of 48.4037 to the December average rate of 55.9212, the exchange rate registered a net change of 15.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 56.7067 was up 15.97% compared to the 2022 peak of 48.8961, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 283,533 RWF

2022 Average 222,174 RWF

Yearly Trough Low 233,995 RWF

Transaction Impact: A difference of 49,538.07 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

56.6730

47.6519

JanuMarcMayJulySeptNove

CZK 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 50.4593, compared to 53.8830 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.4237 points.

H1 Avg (Jan–Jun) 50.4593

H2 Avg (Jul–Dec) 53.8830

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 3.3047 RWF (High: 56.4067 / Low: 53.1019). On the other end, August was the most stable month, with a tight range of 1.0959 RWF (High: 54.1452 / Low: 53.0493).

November Spread (Volatile) ±3.3047

August Spread (Stable) ±1.0959

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.8108 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.8108

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 55.9212) against the same month in 2022 (average: 46.7404), the exchange rate shifted by +9.1809 (+19.64%).

2023 Avg (December) 55.9212

2022 Avg (December) 46.7404

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	49.5754	46.7991	48.4037
February	50.0550	48.5498	49.0110
March	51.2208	47.9716	49.4561
April	53.4380	51.0076	51.9008
May	52.6998	50.8409	51.6197
June	54.3040	51.2576	52.3644
July	55.2169	52.9322	54.0687
August	54.1452	53.0493	53.5000
September	53.4152	51.9667	52.6892
October	53.3964	51.8228	52.5253
November	56.4067	53.1019	54.5937
December	56.7067	55.0329	55.9212