2023 MWK to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MWK to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MWK to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 26, valuing the pair at 1.1558. Conversely, the yearly low was recorded on November 18, dropping to 0.7327.
This high-to-low spread represents a total annual volatility of 0.4231 RWF. From a start-to-finish perspective, comparing the January average rate of 1.0504 to the December average rate of 0.7444, the exchange rate registered a net change of -29.13% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1.1558 was down 10.89% compared to the 2022 peak of 1.2970, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MWK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MWK 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 1.0782, compared to 1.0038 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0743 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 0.3761 RWF (High: 1.1088 / Low: 0.7327). On the other end, December was the most stable month, with a tight range of 0.0122 RWF (High: 0.7506 / Low: 0.7384).
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 October and November, when the average rate fell by 0.1729 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 1.1170) against the same month in 2022 (average: 1.0539), the exchange rate shifted by +0.0631 (+5.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.0608 | 1.0432 | 1.0504 |
| February | 1.0710 | 1.0450 | 1.0586 |
| March | 1.0845 | 1.0411 | 1.0655 |
| April | 1.1087 | 1.0742 | 1.0832 |
| May | 1.1070 | 1.0851 | 1.0943 |
| June | 1.1558 | 1.0998 | 1.1170 |
| July | 1.1311 | 1.1008 | 1.1111 |
| August | 1.1238 | 1.0867 | 1.1001 |
| September | 1.1435 | 1.0814 | 1.1097 |
| October | 1.1283 | 1.0472 | 1.0653 |
| November | 1.1088 | 0.7327 | 0.8924 |
| December | 0.7506 | 0.7384 | 0.7444 |