2023 NZD to RWF Historical Review

YEARLY HIGH

799.7304 RWF

YEARLY LOW

665.9068 RWF

YEARLY AVERAGE

710.6812 RWF

2023 NZD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 799.7304. Conversely, the yearly low was recorded on March 10, dropping to 665.9068.

This high-to-low spread represents a total annual volatility of 133.8236 RWF. From a start-to-finish perspective, comparing the January average rate of 688.4690 to the December average rate of 781.1151, the exchange rate registered a net change of 13.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 799.7304 was up 11.98% compared to the 2022 peak of 714.1771, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,998,652 RWF

2022 Average 3,292,354 RWF

Yearly Trough Low 3,329,534 RWF

Transaction Impact: A difference of 669,117.90 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

791.3236

668.8223

JanuMarcMayJulySeptNove

NZD 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 689.5935, compared to 731.7688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 42.1753 points.

H1 Avg (Jan–Jun) 689.5935

H2 Avg (Jul–Dec) 731.7688

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 43.5520 RWF (High: 764.7918 / Low: 721.2398). On the other end, April was the most stable month, with a tight range of 22.3521 RWF (High: 703.2640 / Low: 680.9119).

November Spread (Volatile) ±43.5520

April Spread (Stable) ±22.3521

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 18.7137 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -18.7137

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 781.1151) against the same month in 2022 (average: 680.3720), the exchange rate shifted by +100.7431 (+14.81%).

2023 Avg (December) 781.1151

2022 Avg (December) 680.3720

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	702.5425	666.2175	688.4690
February	705.1200	669.6272	682.3473
March	695.2550	665.9068	679.0307
April	703.2640	680.9119	689.0389
May	713.1007	679.2174	696.4313
June	724.9344	684.2175	702.2441
July	747.5855	706.4023	727.0090
August	722.5349	698.8516	708.2953
September	733.5695	701.2777	713.3944
October	744.6334	709.8201	720.3905
November	764.7918	721.2398	740.4086
December	799.7304	763.6329	781.1151