2023 GNF to RWF Historical Review

YEARLY HIGH

0.1472 RWF

YEARLY LOW

0.1218 RWF

YEARLY AVERAGE

0.1344 RWF

2023 GNF to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.1472. Conversely, the yearly low was recorded on January 5, dropping to 0.1218.

This high-to-low spread represents a total annual volatility of 0.0254 RWF. From a start-to-finish perspective, comparing the January average rate of 0.1240 to the December average rate of 0.1458, the exchange rate registered a net change of 17.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1472 was up 17.23% compared to the 2022 peak of 0.1256, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 736 RWF

2022 Average 588 RWF

Yearly Trough Low 609 RWF

Transaction Impact: A difference of 126.99 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1480

0.1218

JanuMarcMayJulySeptNove

GNF 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 0.1280, compared to 0.1407 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0127 points.

H1 Avg (Jan–Jun) 0.1280

H2 Avg (Jul–Dec) 0.1407

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0060 RWF (High: 0.1366 / Low: 0.1306). On the other end, November was the most stable month, with a tight range of 0.0024 RWF (High: 0.1447 / Low: 0.1423).

June Spread (Volatile) ±0.0060

November Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.1458) against the same month in 2022 (average: 0.1231), the exchange rate shifted by +0.0226 (+18.40%).

2023 Avg (December) 0.1458

2022 Avg (December) 0.1231

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1256	0.1218	0.1240
February	0.1277	0.1229	0.1257
March	0.1293	0.1241	0.1267
April	0.1324	0.1280	0.1290
May	0.1315	0.1289	0.1301
June	0.1366	0.1306	0.1327
July	0.1383	0.1335	0.1357
August	0.1389	0.1352	0.1374
September	0.1422	0.1383	0.1399
October	0.1438	0.1409	0.1421
November	0.1447	0.1423	0.1435
December	0.1472	0.1446	0.1458