2023 GTQ to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GTQ to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GTQ to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 160.9678. Conversely, the yearly low was recorded on January 2, dropping to 136.1728.
This high-to-low spread represents a total annual volatility of 24.7950 RWF. From a start-to-finish perspective, comparing the January average rate of 136.9388 to the December average rate of 160.1046, the exchange rate registered a net change of 16.92% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 160.9678 was up 16.29% compared to the 2022 peak of 138.4180, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GTQ based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
GTQ to RWF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 141.3944, compared to 154.3907 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 12.9963 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 5.9388 RWF (High: 150.1114 / Low: 144.1726). On the other end, January was the most stable month, with a tight range of 1.6904 RWF (High: 137.8632 / Low: 136.1728).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 160.1046) against the same month in 2022 (average: 136.0543), the exchange rate shifted by +24.0503 (+17.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 137.8632 | 136.1728 | 136.9388 |
| February | 139.7080 | 137.7751 | 138.7157 |
| March | 142.8685 | 139.5318 | 140.4050 |
| April | 145.9490 | 141.3868 | 142.4335 |
| May | 145.1681 | 142.8351 | 143.7837 |
| June | 150.1114 | 144.1726 | 146.0898 |
| July | 151.7963 | 147.2393 | 149.0355 |
| August | 151.8236 | 148.5932 | 150.5567 |
| September | 155.3770 | 151.1150 | 152.9617 |
| October | 157.4494 | 154.4398 | 155.8866 |
| November | 159.2725 | 156.3997 | 157.7989 |
| December | 160.9678 | 158.6807 | 160.1046 |