2023 NIO to RWF Historical Review

YEARLY HIGH

34.4193 RWF

YEARLY LOW

29.2694 RWF

YEARLY AVERAGE

31.6784 RWF

2023 NIO to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 34.4193. Conversely, the yearly low was recorded on January 2, dropping to 29.2694.

This high-to-low spread represents a total annual volatility of 5.1499 RWF. From a start-to-finish perspective, comparing the January average rate of 29.4613 to the December average rate of 34.1980, the exchange rate registered a net change of 16.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 34.4193 was up 14.60% compared to the 2022 peak of 30.0331, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 172,097 RWF

2022 Average 144,414 RWF

Yearly Trough Low 146,347 RWF

Transaction Impact: A difference of 25,749.73 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

34.6716

28.9876

JanuMarcMayJulySeptNove

NIO 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 30.2669, compared to 33.0900 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.8231 points.

H1 Avg (Jan–Jun) 30.2669

H2 Avg (Jul–Dec) 33.0900

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.3517 RWF (High: 32.2146 / Low: 30.8629). On the other end, February was the most stable month, with a tight range of 0.4121 RWF (High: 30.0027 / Low: 29.5906).

June Spread (Volatile) ±1.3517

February Spread (Stable) ±0.4121

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: 34.1980) against the same month in 2022 (average: 29.3690), the exchange rate shifted by +4.8290 (+16.44%).

2023 Avg (December) 34.1980

2022 Avg (December) 29.3690

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.7390	29.2694	29.4613
February	30.0027	29.5906	29.7726
March	30.4519	29.7944	29.9720
April	31.1169	30.1634	30.3858
May	31.0274	30.4837	30.7014
June	32.2146	30.8629	31.3083
July	32.5795	31.5980	31.9762
August	32.5865	31.9342	32.3319
September	33.3849	32.5195	32.8982
October	33.7540	33.1523	33.4066
November	34.0701	33.4886	33.7289
December	34.4193	33.8909	34.1980