2023 INR to RWF Historical Review

YEARLY HIGH

15.2308 RWF

YEARLY LOW

12.9205 RWF

YEARLY AVERAGE

14.0210 RWF

2023 INR to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 15.2308. Conversely, the yearly low was recorded on January 3, dropping to 12.9205.

This high-to-low spread represents a total annual volatility of 2.3103 RWF. From a start-to-finish perspective, comparing the January average rate of 13.1511 to the December average rate of 15.0640, the exchange rate registered a net change of 14.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 15.2308 was up 8.50% compared to the 2022 peak of 14.0378, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,807,709 RWF

2022 Average 3,297,606 RWF

Yearly Trough Low 3,230,130 RWF

Transaction Impact: A difference of 577,578.89 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

15.2556

12.9568

JanuMarcMayJulySeptNove

INR 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 13.4496, compared to 14.5924 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1428 points.

H1 Avg (Jan–Jun) 13.4496

H2 Avg (Jul–Dec) 14.5924

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.6394 RWF (High: 14.3474 / Low: 13.7080). On the other end, May was the most stable month, with a tight range of 0.2079 RWF (High: 13.7165 / Low: 13.5086).

June Spread (Volatile) ±0.6394

May Spread (Stable) ±0.2079

Growth Streaks & Declines

Trends

Between February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0027 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 15.0640) against the same month in 2022 (average: 12.9875), the exchange rate shifted by +2.0766 (+15.99%).

2023 Avg (December) 15.0640

2022 Avg (December) 12.9875

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.2798	12.9205	13.1511
February	13.2730	13.0560	13.1484
March	13.5335	13.0768	13.3019
April	13.8605	13.4095	13.5397
May	13.7165	13.5086	13.6288
June	14.3474	13.7080	13.9279
July	14.4391	13.9735	14.2129
August	14.4354	14.1351	14.2793
September	14.7111	14.3443	14.4903
October	14.8703	14.5461	14.6836
November	14.9899	14.6755	14.8242
December	15.2308	14.9214	15.0640