2023 PEN to RWF Historical Review

YEARLY HIGH

341.4634 RWF

YEARLY LOW

277.1341 RWF

YEARLY AVERAGE

309.7784 RWF

2023 PEN to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 341.4634. Conversely, the yearly low was recorded on January 26, dropping to 277.1341.

This high-to-low spread represents a total annual volatility of 64.3294 RWF. From a start-to-finish perspective, comparing the January average rate of 281.1184 to the December average rate of 335.6570, the exchange rate registered a net change of 19.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 341.4634 was up 20.23% compared to the 2022 peak of 284.0016, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,707,317 RWF

2022 Average 1,351,783 RWF

Yearly Trough Low 1,385,670 RWF

Transaction Impact: A difference of 321,646.77 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

341.1109

275.6645

JanuMarcMayJulySeptNove

PEN 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 294.6187, compared to 324.9380 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 30.3194 points.

H1 Avg (Jan–Jun) 294.6187

H2 Avg (Jul–Dec) 324.9380

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 18.7239 RWF (High: 324.8303 / Low: 306.1064). On the other end, September was the most stable month, with a tight range of 5.0958 RWF (High: 325.4919 / Low: 320.3960).

June Spread (Volatile) ±18.7239

September Spread (Stable) ±5.0958

Growth Streaks & Declines

Trends

Between January and July, 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 September and October, when the average rate fell by 4.8119 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -4.8119

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 335.6570) against the same month in 2022 (average: 279.8659), the exchange rate shifted by +55.7911 (+19.93%).

2023 Avg (December) 335.6570

2022 Avg (December) 279.8659

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	284.4274	277.1341	281.1184
February	286.4751	279.0526	283.1160
March	295.2802	287.4036	289.6225
April	302.4319	292.0264	295.3536
May	308.7935	300.3220	304.5727
June	324.8303	306.1064	313.9289
July	331.2228	318.7343	324.6537
August	326.3428	317.8101	320.4315
September	325.4919	320.3960	323.1533
October	322.6296	315.5186	318.3414
November	333.1993	318.8975	327.3913
December	341.4634	330.6401	335.6570