2023 PHP to RWF Historical Review

YEARLY HIGH

22.7999 RWF

YEARLY LOW

19.1129 RWF

YEARLY AVERAGE

20.8177 RWF

2023 PHP to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 22.7999. Conversely, the yearly low was recorded on January 4, dropping to 19.1129.

This high-to-low spread represents a total annual volatility of 3.6870 RWF. From a start-to-finish perspective, comparing the January average rate of 19.5660 to the December average rate of 22.5862, the exchange rate registered a net change of 15.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.7999 was up 11.98% compared to the 2022 peak of 20.3606, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 5,699,981 RWF

2022 Average 4,760,121 RWF

Yearly Trough Low 4,778,219 RWF

Transaction Impact: A difference of 921,761.82 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.8882

19.2640

JanuMarcMayJulySeptNove

PHP 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 20.0122, compared to 21.6233 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6111 points.

H1 Avg (Jan–Jun) 20.0122

H2 Avg (Jul–Dec) 21.6233

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.1133 RWF (High: 21.2348 / Low: 20.1215). On the other end, December was the most stable month, with a tight range of 0.3911 RWF (High: 22.7999 / Low: 22.4088).

June Spread (Volatile) ±1.1133

December Spread (Stable) ±0.3911

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 July and August, when the average rate fell by 0.2684 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.2684

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 22.5862) against the same month in 2022 (average: 19.2770), the exchange rate shifted by +3.3093 (+17.17%).

2023 Avg (December) 22.5862

2022 Avg (December) 19.2770

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.8826	19.1129	19.5660
February	20.3614	19.4613	19.8078
March	20.4807	19.6331	19.9891
April	20.4444	19.7133	20.0841
May	20.4027	19.9347	20.1177
June	21.2348	20.1215	20.5084
July	21.6451	20.7971	21.2776
August	21.4361	20.8189	21.0092
September	21.5997	20.8838	21.1891
October	21.7686	21.3627	21.5227
November	22.4288	21.8379	22.1549
December	22.7999	22.4088	22.5862

૨૦૨૫ PHP થી RWF ઐતિહાસિક સમીક્ષા