2023 IRR to RWF Historical Review

YEARLY HIGH

0.0300 RWF

YEARLY LOW

0.0255 RWF

YEARLY AVERAGE

0.0274 RWF

2023 IRR to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IRR to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0300. Conversely, the yearly low was recorded on January 3, dropping to 0.0255.

This high-to-low spread represents a total annual volatility of 0.0045 RWF. From a start-to-finish perspective, comparing the January average rate of 0.0256 to the December average rate of 0.0297, the exchange rate registered a net change of 15.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0300 was up 15.81% compared to the 2022 peak of 0.0259, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 150 RWF

2022 Average 123 RWF

Yearly Trough Low 128 RWF

Transaction Impact: A difference of 22.60 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0301

0.0252

JanuMarcMayJulySeptNove

IRR 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 0.0262, compared to 0.0287 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.0262

H2 Avg (Jul–Dec) 0.0287

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0012 RWF (High: 0.0279 / Low: 0.0267). On the other end, January was the most stable month, with a tight range of 0.0003 RWF (High: 0.0258 / Low: 0.0255).

June Spread (Volatile) ±0.0012

January Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between 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.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0297) against the same month in 2022 (average: 0.0257), the exchange rate shifted by +0.0040 (+15.70%).

2023 Avg (December) 0.0297

2022 Avg (December) 0.0257

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0258	0.0255	0.0256
February	0.0261	0.0256	0.0257
March	0.0264	0.0255	0.0259
April	0.0268	0.0260	0.0263
May	0.0268	0.0263	0.0265
June	0.0279	0.0267	0.0271
July	0.0280	0.0273	0.0277
August	0.0282	0.0276	0.0280
September	0.0290	0.0282	0.0285
October	0.0292	0.0287	0.0289
November	0.0295	0.0289	0.0292
December	0.0300	0.0294	0.0297