2023 ILS to RWF Historical Review

YEARLY HIGH

350.2959 RWF

YEARLY LOW

296.3920 RWF

YEARLY AVERAGE

314.2519 RWF

2023 ILS to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 350.2959. Conversely, the yearly low was recorded on March 19, dropping to 296.3920.

This high-to-low spread represents a total annual volatility of 53.9039 RWF. From a start-to-finish perspective, comparing the January average rate of 312.1282 to the December average rate of 342.2948, the exchange rate registered a net change of 9.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 350.2959 was up 4.88% compared to the 2022 peak of 333.9910, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,751,479 RWF

2022 Average 1,543,978 RWF

Yearly Trough Low 1,481,960 RWF

Transaction Impact: A difference of 269,519.45 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

346.2638

298.6352

JanuMarcMayJulySeptNove

ILS 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 307.7995, compared to 320.7042 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 12.9047 points.

H1 Avg (Jan–Jun) 307.7995

H2 Avg (Jul–Dec) 320.7042

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 29.0909 RWF (High: 337.4371 / Low: 308.3461). On the other end, May was the most stable month, with a tight range of 7.7452 RWF (High: 309.6643 / Low: 301.9191).

November Spread (Volatile) ±29.0909

May Spread (Stable) ±7.7452

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 8.0586 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -8.0586

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 342.2948) against the same month in 2022 (average: 309.8311), the exchange rate shifted by +32.4637 (+10.48%).

2023 Avg (December) 342.2948

2022 Avg (December) 309.8311

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	320.4292	301.2642	312.1282
February	321.1868	296.7664	306.6952
March	313.7544	296.3920	302.6043
April	310.6240	300.1384	305.2812
May	309.6643	301.9191	305.6830
June	323.6667	301.3139	314.4051
July	326.0375	310.5792	318.6933
August	323.6375	310.9563	315.9166
September	321.4570	312.2317	315.3077
October	320.6412	300.3155	307.2491
November	337.4371	308.3461	324.7639
December	350.2959	334.2971	342.2948