2023 KWD to RWF Historical Review

YEARLY HIGH

4107.9621 RWF

YEARLY LOW

3488.5351 RWF

YEARLY AVERAGE

3767.6299 RWF

2023 KWD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 4107.9621. Conversely, the yearly low was recorded on January 5, dropping to 3488.5351.

This high-to-low spread represents a total annual volatility of 619.4270 RWF. From a start-to-finish perspective, comparing the January average rate of 3517.2712 to the December average rate of 4072.9721, the exchange rate registered a net change of 15.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 4107.9621 was up 16.06% compared to the 2022 peak of 3539.5292, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 20,539,811 RWF

2022 Average 16,910,569 RWF

Yearly Trough Low 17,442,676 RWF

Transaction Impact: A difference of 3,097,135.08 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4128.5422

3461.7011

JanuMarcMayJulySeptNove

KWD 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 3606.3362, compared to 3928.9235 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 322.5873 points.

H1 Avg (Jan–Jun) 3606.3362

H2 Avg (Jul–Dec) 3928.9235

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 159.8191 RWF (High: 3828.9916 / Low: 3669.1725). On the other end, May was the most stable month, with a tight range of 56.9319 RWF (High: 3688.9861 / Low: 3632.0541).

June Spread (Volatile) ±159.8191

May Spread (Stable) ±56.9319

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: 4072.9721) against the same month in 2022 (average: 3493.0386), the exchange rate shifted by +579.9335 (+16.60%).

2023 Avg (December) 4072.9721

2022 Avg (December) 3493.0386

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3546.9475	3488.5351	3517.2712
February	3587.4412	3525.6597	3549.9185
March	3630.3524	3539.2260	3568.5945
April	3703.4551	3588.4592	3621.4610
May	3688.9861	3632.0541	3655.5543
June	3828.9916	3669.1725	3725.2178
July	3873.5199	3763.2547	3808.2549
August	3874.6959	3800.1482	3841.0689
September	3958.1929	3862.2655	3897.7691
October	3995.3942	3915.4007	3951.6378
November	4042.1536	3967.1103	4001.8383
December	4107.9621	4025.6900	4072.9721