2023 JOD to RWF Historical Review

YEARLY HIGH

1779.1714 RWF

YEARLY LOW

1505.4461 RWF

YEARLY AVERAGE

1632.7727 RWF

2023 JOD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1779.1714. Conversely, the yearly low was recorded on January 2, dropping to 1505.4461.

This high-to-low spread represents a total annual volatility of 273.7252 RWF. From a start-to-finish perspective, comparing the January average rate of 1514.9267 to the December average rate of 1767.5781, the exchange rate registered a net change of 16.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1779.1714 was up 16.21% compared to the 2022 peak of 1530.9699, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,895,857 RWF

2022 Average 7,305,667 RWF

Yearly Trough Low 7,527,231 RWF

Transaction Impact: A difference of 1,368,626.11 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1792.8433

1489.6615

JanuMarcMayJulySeptNove

JOD 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 1557.8256, compared to 1707.7198 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 149.8943 points.

H1 Avg (Jan–Jun) 1557.8256

H2 Avg (Jul–Dec) 1707.7198

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 68.8116 RWF (High: 1659.7261 / Low: 1590.9145). On the other end, February was the most stable month, with a tight range of 18.2954 RWF (High: 1540.2482 / Low: 1521.9528).

June Spread (Volatile) ±68.8116

February Spread (Stable) ±18.2954

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: 1767.5781) against the same month in 2022 (average: 1509.4644), the exchange rate shifted by +258.1137 (+17.10%).

2023 Avg (December) 1767.5781

2022 Avg (December) 1509.4644

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1526.1525	1505.4461	1514.9267
February	1540.2482	1521.9528	1531.3579
March	1567.4893	1520.3051	1541.8275
April	1599.2672	1547.8379	1564.1906
May	1597.6039	1569.2565	1581.3768
June	1659.7261	1590.9145	1613.2739
July	1677.2489	1623.9477	1647.1706
August	1685.1836	1650.3892	1670.7086
September	1724.4021	1680.6119	1698.1186
October	1740.9710	1706.0630	1722.5667
November	1758.0091	1720.5838	1740.1764
December	1779.1714	1752.5882	1767.5781