2023 FKP to RWF Historical Review

YEARLY HIGH

1612.4762 RWF

YEARLY LOW

1274.2616 RWF

YEARLY AVERAGE

1440.7555 RWF

2023 FKP to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 1612.4762. Conversely, the yearly low was recorded on January 5, dropping to 1274.2616.

This high-to-low spread represents a total annual volatility of 338.2146 RWF. From a start-to-finish perspective, comparing the January average rate of 1315.9590 to the December average rate of 1588.3303, the exchange rate registered a net change of 20.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1612.4762 was up 13.23% compared to the 2022 peak of 1424.0358, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,062,381 RWF

2022 Average 6,403,608 RWF

Yearly Trough Low 6,371,308 RWF

Transaction Impact: A difference of 1,691,072.92 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1616.0910

1282.9622

JanuMarcMayJulySeptNove

FKP 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 1363.6569, compared to 1517.8542 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 154.1973 points.

H1 Avg (Jan–Jun) 1363.6569

H2 Avg (Jul–Dec) 1517.8542

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 87.9330 RWF (High: 1495.2172 / Low: 1407.2843). On the other end, May was the most stable month, with a tight range of 24.9164 RWF (High: 1413.6719 / Low: 1388.7555).

June Spread (Volatile) ±87.9330

May Spread (Stable) ±24.9164

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 11.7933 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -11.7933

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1588.3303) against the same month in 2022 (average: 1303.3881), the exchange rate shifted by +284.9422 (+21.86%).

2023 Avg (December) 1588.3303

2022 Avg (December) 1303.3881

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1342.4197	1274.2616	1315.9590
February	1339.6556	1299.8458	1310.7230
March	1371.0338	1289.7410	1327.9794
April	1418.1502	1362.1752	1381.0206
May	1413.6719	1388.7555	1399.8056
June	1495.2172	1407.2843	1446.4539
July	1535.5530	1462.7058	1504.5178
August	1516.7959	1489.7826	1502.3583
September	1508.4464	1472.2641	1490.5651
October	1512.4914	1465.9934	1487.2890
November	1580.2327	1497.4888	1534.0647
December	1612.4762	1567.4446	1588.3303