2023 LAK to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 LAK to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the LAK to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 24, valuing the pair at 0.0664. Conversely, the yearly low was recorded on October 21, dropping to 0.0590.
This high-to-low spread represents a total annual volatility of 0.0074 RWF. From a start-to-finish perspective, comparing the January average rate of 0.0633 to the December average rate of 0.0607, the exchange rate registered a net change of -4.04% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 0.0664 was down 28.04% compared to the 2022 peak of 0.0922, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LAK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
LAK to RWF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0639, compared to 0.0603 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0036 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 0.0031 RWF (High: 0.0637 / Low: 0.0606). On the other end, November was the most stable month, with a tight range of 0.0010 RWF (High: 0.0602 / Low: 0.0592).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0016 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 0.0647) against the same month in 2022 (average: 0.0857), the exchange rate shifted by -0.0210 (-24.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.0643 | 0.0616 | 0.0633 |
| February | 0.0652 | 0.0637 | 0.0644 |
| March | 0.0658 | 0.0645 | 0.0648 |
| April | 0.0664 | 0.0643 | 0.0647 |
| May | 0.0648 | 0.0635 | 0.0639 |
| June | 0.0637 | 0.0606 | 0.0623 |
| July | 0.0621 | 0.0606 | 0.0611 |
| August | 0.0618 | 0.0604 | 0.0608 |
| September | 0.0611 | 0.0597 | 0.0604 |
| October | 0.0602 | 0.0590 | 0.0593 |
| November | 0.0602 | 0.0592 | 0.0597 |
| December | 0.0614 | 0.0600 | 0.0607 |