2023 GMD to RWF Historical Review

YEARLY HIGH

19.9016 RWF

YEARLY LOW

17.2182 RWF

YEARLY AVERAGE

18.5977 RWF

2023 GMD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 16, valuing the pair at 19.9016. Conversely, the yearly low was recorded on January 16, dropping to 17.2182.

This high-to-low spread represents a total annual volatility of 2.6834 RWF. From a start-to-finish perspective, comparing the January average rate of 17.3275 to the December average rate of 18.6182, the exchange rate registered a net change of 7.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 19.9016 was up 1.25% compared to the 2022 peak of 19.6551, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 99,508 RWF

2022 Average 93,697 RWF

Yearly Trough Low 86,091 RWF

Transaction Impact: A difference of 13,417.10 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19.8118

17.1017

JanuMarcMayJulySeptNove

GMD 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 18.1474, compared to 19.0480 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9007 points.

H1 Avg (Jan–Jun) 18.1474

H2 Avg (Jul–Dec) 19.0480

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 1.3571 RWF (High: 19.9016 / Low: 18.5445). On the other end, August was the most stable month, with a tight range of 0.2719 RWF (High: 19.6203 / Low: 19.3484).

September Spread (Volatile) ±1.3571

August Spread (Stable) ±0.2719

Growth Streaks & Declines

Trends

Between 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 September and October, when the average rate fell by 0.8550 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.8550

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 19.4799) against the same month in 2022 (average: 18.9997), the exchange rate shifted by +0.4802 (+2.53%).

2023 Avg (September) 19.4799

2022 Avg (September) 18.9997

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.5814	17.2182	17.3275
February	17.8722	17.5559	17.7818
March	17.9733	17.5490	17.8204
April	18.6072	17.6533	17.9438
May	19.0185	18.5384	18.7696
June	19.7663	18.9430	19.2410
July	19.8938	19.3483	19.5860
August	19.6203	19.3484	19.5243
September	19.9016	18.5445	19.4799
October	18.9764	18.4828	18.6250
November	19.0276	18.2109	18.4548
December	18.7780	18.4607	18.6182