2023 MYR to RWF Historical Review

YEARLY HIGH

274.5077 RWF

YEARLY LOW

240.4387 RWF

YEARLY AVERAGE

253.8729 RWF

2023 MYR to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 274.5077. Conversely, the yearly low was recorded on March 10, dropping to 240.4387.

This high-to-low spread represents a total annual volatility of 34.0690 RWF. From a start-to-finish perspective, comparing the January average rate of 248.3448 to the December average rate of 269.2505, the exchange rate registered a net change of 8.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 274.5077 was up 10.19% compared to the 2022 peak of 249.1196, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 5,490,154 RWF

2022 Average 4,714,548 RWF

Yearly Trough Low 4,808,774 RWF

Transaction Impact: A difference of 681,380.24 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

271.7005

242.3011

JanuMarcMayJulySeptNove

MYR 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 248.0715, compared to 259.6743 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.6028 points.

H1 Avg (Jan–Jun) 248.0715

H2 Avg (Jul–Dec) 259.6743

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 14.6458 RWF (High: 261.4998 / Low: 246.8540). On the other end, September was the most stable month, with a tight range of 5.0182 RWF (High: 260.6114 / Low: 255.5932).

July Spread (Volatile) ±14.6458

September Spread (Stable) ±5.0182

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 4.1914 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -4.1914

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 269.2505) against the same month in 2022 (average: 242.6596), the exchange rate shifted by +26.5909 (+10.96%).

2023 Avg (December) 269.2505

2022 Avg (December) 242.6596

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	255.0660	242.6144	248.3448
February	256.6116	242.7978	248.9424
March	252.1490	240.4387	244.7510
April	255.6498	248.8185	250.7804
May	252.0847	243.7846	248.3737
June	252.0766	244.5943	247.2369
July	261.4998	246.8540	254.4047
August	260.2548	253.6474	256.6064
September	260.6114	255.5932	257.0908
October	260.9249	255.7315	257.5320
November	266.8712	258.0421	263.1613
December	274.5077	266.0574	269.2505