2023 FJD to RWF Historical Review

YEARLY HIGH

575.9318 RWF

YEARLY LOW

483.8509 RWF

YEARLY AVERAGE

519.2343 RWF

2023 FJD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 575.9318. Conversely, the yearly low was recorded on January 3, dropping to 483.8509.

This high-to-low spread represents a total annual volatility of 92.0808 RWF. From a start-to-finish perspective, comparing the January average rate of 493.4734 to the December average rate of 566.0810, the exchange rate registered a net change of 14.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 575.9318 was up 16.79% compared to the 2022 peak of 493.1280, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,879,659 RWF

2022 Average 2,367,660 RWF

Yearly Trough Low 2,419,255 RWF

Transaction Impact: A difference of 460,404.14 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

573.3681

485.9231

JanuMarcMayJulySeptNove

FJD 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 500.2955, compared to 538.1732 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 37.8778 points.

H1 Avg (Jan–Jun) 500.2955

H2 Avg (Jul–Dec) 538.1732

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 27.7647 RWF (High: 528.8562 / Low: 501.0914). On the other end, September was the most stable month, with a tight range of 10.8859 RWF (High: 534.9209 / Low: 524.0350).

June Spread (Volatile) ±27.7647

September Spread (Stable) ±10.8859

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 2.4037 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -2.4037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 566.0810) against the same month in 2022 (average: 484.8884), the exchange rate shifted by +81.1927 (+16.74%).

2023 Avg (December) 566.0810

2022 Avg (December) 484.8884

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	502.9153	483.8509	493.4734
February	502.5998	487.8715	495.2119
March	503.7040	485.8330	493.2102
April	508.3064	497.0484	501.3663
May	510.4293	498.7487	504.2814
June	528.8562	501.0914	514.2296
July	536.3873	514.4344	526.7282
August	530.5288	516.6670	524.3244
September	534.9209	524.0350	529.8835
October	545.8429	531.4322	535.6620
November	558.5889	533.8550	546.3603
December	575.9318	555.9063	566.0810