2023 GEL to RWF Historical Review

YEARLY HIGH

472.9492 RWF

YEARLY LOW

395.8208 RWF

YEARLY AVERAGE

441.2831 RWF

2023 GEL to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 472.9492. Conversely, the yearly low was recorded on January 2, dropping to 395.8208.

This high-to-low spread represents a total annual volatility of 77.1284 RWF. From a start-to-finish perspective, comparing the January average rate of 403.2526 to the December average rate of 466.9242, the exchange rate registered a net change of 15.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 472.9492 was up 16.94% compared to the 2022 peak of 404.4383, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,364,746 RWF

2022 Average 1,784,008 RWF

Yearly Trough Low 1,979,104 RWF

Transaction Impact: A difference of 385,642.08 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

473.2914

396.8854

JanuMarcMayJulySeptNove

GEL 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 426.3834, compared to 456.1827 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 29.7993 points.

H1 Avg (Jan–Jun) 426.3834

H2 Avg (Jul–Dec) 456.1827

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 22.3532 RWF (High: 453.8081 / Low: 431.4549). On the other end, August was the most stable month, with a tight range of 6.5580 RWF (High: 455.1724 / Low: 448.6144).

April Spread (Volatile) ±22.3532

August Spread (Stable) ±6.5580

Growth Streaks & Declines

Trends

Between January and May, 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 May and June, when the average rate fell by 3.1093 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -3.1093

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 466.9242) against the same month in 2022 (average: 400.2043), the exchange rate shifted by +66.7199 (+16.67%).

2023 Avg (December) 466.9242

2022 Avg (December) 400.2043

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	411.5970	395.8208	403.2526
February	415.6546	405.0294	411.1367
March	435.2111	414.7959	424.1263
April	453.8081	431.4549	440.1372
May	450.1006	432.8756	441.3785
June	452.0444	433.0144	438.2692
July	458.5560	441.4525	451.7030
August	455.1724	448.6144	452.1479
September	459.8963	446.2512	454.7317
October	461.5688	452.3933	454.7041
November	462.6923	451.1682	456.8855
December	472.9492	461.0824	466.9242