2023 EUR to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 EUR to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the EUR to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 1399.4294. Conversely, the yearly low was recorded on January 5, dropping to 1125.6641.
This high-to-low spread represents a total annual volatility of 273.7653 RWF. From a start-to-finish perspective, comparing the January average rate of 1159.4362 to the December average rate of 1369.8152, the exchange rate registered a net change of 18.14% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1399.4294 was up 17.63% compared to the 2022 peak of 1189.6522, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EUR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
EUR 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 1195.9314, compared to 1310.6809 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 114.7495 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 72.5161 RWF (High: 1283.3234 / Low: 1210.8073). On the other end, September was the most stable month, with a tight range of 19.6579 RWF (High: 1294.6472 / Low: 1274.9892).
Growth Streaks & Declines
TrendsBetween 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 5.5098 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 1369.8152) against the same month in 2022 (average: 1134.4495), the exchange rate shifted by +235.3657 (+20.75%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1178.7851 | 1125.6641 | 1159.4362 |
| February | 1190.9674 | 1148.7096 | 1162.7626 |
| March | 1205.2553 | 1150.3461 | 1172.1986 |
| April | 1254.4909 | 1197.8956 | 1219.3680 |
| May | 1253.9097 | 1205.8184 | 1220.6339 |
| June | 1283.3234 | 1210.8073 | 1241.1891 |
| July | 1313.3647 | 1257.0983 | 1291.8564 |
| August | 1304.1965 | 1280.9033 | 1290.4927 |
| September | 1294.6472 | 1274.9892 | 1284.9829 |
| October | 1307.9372 | 1270.8638 | 1291.1978 |
| November | 1367.8235 | 1309.6833 | 1335.7401 |
| December | 1399.4294 | 1343.8395 | 1369.8152 |