2023 MGA to RWF Historical Review

YEARLY HIGH

0.2769 RWF

YEARLY LOW

0.2361 RWF

YEARLY AVERAGE

0.2601 RWF

2023 MGA to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 1, valuing the pair at 0.2769. Conversely, the yearly low was recorded on January 11, dropping to 0.2361.

This high-to-low spread represents a total annual volatility of 0.0408 RWF. From a start-to-finish perspective, comparing the January average rate of 0.2445 to the December average rate of 0.2737, the exchange rate registered a net change of 11.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2769 was up 5.79% compared to the 2022 peak of 0.2617, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,384 RWF

2022 Average 1,255 RWF

Yearly Trough Low 1,181 RWF

Transaction Impact: A difference of 203.87 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2766

0.2416

JanuMarcMayJulySeptNove

MGA 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 0.2525, compared to 0.2677 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0152 points.

H1 Avg (Jan–Jun) 0.2525

H2 Avg (Jul–Dec) 0.2677

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0177 RWF (High: 0.2538 / Low: 0.2361). On the other end, February was the most stable month, with a tight range of 0.0033 RWF (High: 0.2542 / Low: 0.2509).

January Spread (Volatile) ±0.0177

February Spread (Stable) ±0.0033

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0003 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2737) against the same month in 2022 (average: 0.2422), the exchange rate shifted by +0.0314 (+12.98%).

2023 Avg (December) 0.2737

2022 Avg (December) 0.2422

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2538	0.2361	0.2445
February	0.2542	0.2509	0.2528
March	0.2570	0.2515	0.2538
April	0.2579	0.2519	0.2535
May	0.2571	0.2530	0.2549
June	0.2598	0.2523	0.2557
July	0.2654	0.2545	0.2596
August	0.2657	0.2606	0.2628
September	0.2691	0.2636	0.2668
October	0.2725	0.2675	0.2699
November	0.2764	0.2711	0.2734
December	0.2769	0.2711	0.2737