2023 HKD to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HKD to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HKD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 161.6114. Conversely, the yearly low was recorded on January 14, dropping to 136.7476.
This high-to-low spread represents a total annual volatility of 24.8638 RWF. From a start-to-finish perspective, comparing the January average rate of 137.4284 to the December average rate of 160.5703, the exchange rate registered a net change of 16.84% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 161.6114 was up 15.96% compared to the 2022 peak of 139.3693, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 HKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HKD 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 140.9829, compared to 154.8514 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.8685 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 6.1394 RWF (High: 150.2278 / Low: 144.0884). On the other end, January was the most stable month, with a tight range of 1.5001 RWF (High: 138.2477 / Low: 136.7476).
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: 160.5703) against the same month in 2022 (average: 137.4518), the exchange rate shifted by +23.1184 (+16.82%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 138.2477 | 136.7476 | 137.4284 |
| February | 139.2528 | 137.7387 | 138.4556 |
| March | 141.6540 | 137.4851 | 139.3729 |
| April | 144.5368 | 139.8803 | 141.3604 |
| May | 144.7912 | 141.8151 | 143.1580 |
| June | 150.2278 | 144.0884 | 146.1221 |
| July | 152.3260 | 147.0128 | 149.4335 |
| August | 152.0865 | 149.6233 | 151.1340 |
| September | 156.2514 | 151.7126 | 153.6853 |
| October | 157.7933 | 154.5925 | 156.1672 |
| November | 159.7205 | 155.9744 | 158.1184 |
| December | 161.6114 | 159.1518 | 160.5703 |