2023 MZN to RWF Historical Review

YEARLY HIGH

19.7574 RWF

YEARLY LOW

16.7379 RWF

YEARLY AVERAGE

18.1304 RWF

2023 MZN to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 19.7574. Conversely, the yearly low was recorded on January 3, dropping to 16.7379.

This high-to-low spread represents a total annual volatility of 3.0195 RWF. From a start-to-finish perspective, comparing the January average rate of 16.8229 to the December average rate of 19.6312, the exchange rate registered a net change of 16.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 19.7574 was up 16.26% compared to the 2022 peak of 16.9940, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 98,787 RWF

2022 Average 81,113 RWF

Yearly Trough Low 83,690 RWF

Transaction Impact: A difference of 15,097.62 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19.9121

16.5420

JanuMarcMayJulySeptNove

MZN 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 17.2998, compared to 18.9610 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6612 points.

H1 Avg (Jan–Jun) 17.2998

H2 Avg (Jul–Dec) 18.9610

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.7618 RWF (High: 18.4212 / Low: 17.6594). On the other end, February was the most stable month, with a tight range of 0.1942 RWF (High: 17.0994 / Low: 16.9052).

June Spread (Volatile) ±0.7618

February Spread (Stable) ±0.1942

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 19.6312) against the same month in 2022 (average: 16.7602), the exchange rate shifted by +2.8711 (+17.13%).

2023 Avg (December) 19.6312

2022 Avg (December) 16.7602

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.9472	16.7379	16.8229
February	17.0994	16.9052	17.0015
March	17.4018	16.8899	17.1238
April	17.7546	17.1971	17.3720
May	17.7456	17.4351	17.5655
June	18.4212	17.6594	17.9135
July	18.6373	18.0382	18.3156
August	18.6946	18.2957	18.5247
September	19.1567	18.6439	18.8351
October	19.3223	18.9456	19.1351
November	19.5142	19.0988	19.3246
December	19.7574	19.4644	19.6312