2023 EGP to RWF Historical Review

YEARLY HIGH

43.4342 RWF

YEARLY LOW

35.1688 RWF

YEARLY AVERAGE

37.7856 RWF

2023 EGP to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 43.4342. Conversely, the yearly low was recorded on March 11, dropping to 35.1688.

This high-to-low spread represents a total annual volatility of 8.2654 RWF. From a start-to-finish perspective, comparing the January average rate of 37.7052 to the December average rate of 40.5823, the exchange rate registered a net change of 7.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 43.4342 was down 34.61% compared to the 2022 peak of 66.4261, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 217,171 RWF

2022 Average 274,436 RWF

Yearly Trough Low 175,844 RWF

Transaction Impact: A difference of 41,326.79 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

41.0898

34.9997

JanuMarcMayJulySeptNove

EGP 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 36.3773, compared to 39.1940 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.8168 points.

H1 Avg (Jan–Jun) 36.3773

H2 Avg (Jul–Dec) 39.1940

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 7.6319 RWF (High: 43.4342 / Low: 35.8022). On the other end, November was the most stable month, with a tight range of 0.6808 RWF (High: 40.3294 / Low: 39.6486).

January Spread (Volatile) ±7.6319

November Spread (Stable) ±0.6808

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 2.0522 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -2.0522

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 37.7052) against the same month in 2022 (average: 65.3424), the exchange rate shifted by -27.6372 (-42.30%).

2023 Avg (January) 37.7052

2022 Avg (January) 65.3424

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	43.4342	35.8022	37.7052
February	36.0835	35.3295	35.6530
March	36.0917	35.1688	35.5072
April	36.7143	35.5686	35.9765
May	36.9488	36.0054	36.3792
June	38.1106	36.5235	37.0425
July	38.5417	37.2729	37.8319
August	38.6118	37.7590	38.2758
September	39.5999	38.5346	38.9462
October	39.9605	39.2539	39.5638
November	40.3294	39.6486	39.9642
December	40.9072	40.2097	40.5823