2023 LKR to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 LKR to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the LKR to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 5, valuing the pair at 3.8968. Conversely, the yearly low was recorded on January 9, dropping to 2.9160.
This high-to-low spread represents a total annual volatility of 0.9808 RWF. From a start-to-finish perspective, comparing the January average rate of 2.9387 to the December average rate of 3.8380, the exchange rate registered a net change of 30.60% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 3.8968 was down 24.26% compared to the 2022 peak of 5.1452, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LKR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
LKR 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 3.3406, compared to 3.7374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3968 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.4406 RWF (High: 3.4316 / Low: 2.9910). On the other end, November was the most stable month, with a tight range of 0.0497 RWF (High: 3.7897 / Low: 3.7400).
Growth Streaks & Declines
TrendsBetween January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1230 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 3.7833) against the same month in 2022 (average: 2.8512), the exchange rate shifted by +0.9321 (+32.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2.9731 | 2.9160 | 2.9387 |
| February | 3.0104 | 2.9386 | 2.9761 |
| March | 3.4316 | 2.9910 | 3.2754 |
| April | 3.5231 | 3.3591 | 3.4467 |
| May | 3.8361 | 3.4862 | 3.6235 |
| June | 3.8968 | 3.5583 | 3.7833 |
| July | 3.7906 | 3.5385 | 3.6603 |
| August | 3.7327 | 3.6232 | 3.6763 |
| September | 3.7661 | 3.6826 | 3.7235 |
| October | 3.8145 | 3.7428 | 3.7606 |
| November | 3.7897 | 3.7400 | 3.7660 |
| December | 3.8925 | 3.7864 | 3.8380 |