2023 PGK to RWF Historical Review

YEARLY HIGH

339.7013 RWF

YEARLY LOW

303.2690 RWF

YEARLY AVERAGE

321.3502 RWF

2023 PGK to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 339.7013. Conversely, the yearly low was recorded on January 2, dropping to 303.2690.

This high-to-low spread represents a total annual volatility of 36.4324 RWF. From a start-to-finish perspective, comparing the January average rate of 305.0638 to the December average rate of 335.2231, the exchange rate registered a net change of 9.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 339.7013 was up 10.17% compared to the 2022 peak of 308.3433, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,698,507 RWF

2022 Average 1,468,723 RWF

Yearly Trough Low 1,516,345 RWF

Transaction Impact: A difference of 182,161.80 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

338.2390

302.0479

JanuMarcMayJulySeptNove

PGK 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 312.9902, compared to 329.7101 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 16.7199 points.

H1 Avg (Jan–Jun) 312.9902

H2 Avg (Jul–Dec) 329.7101

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 17.7999 RWF (High: 331.6262 / Low: 313.8263). On the other end, January was the most stable month, with a tight range of 4.2594 RWF (High: 307.5284 / Low: 303.2690).

June Spread (Volatile) ±17.7999

January Spread (Stable) ±4.2594

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 October and November, when the average rate fell by 0.6860 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.6860

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 335.2231) against the same month in 2022 (average: 303.6278), the exchange rate shifted by +31.5954 (+10.41%).

2023 Avg (December) 335.2231

2022 Avg (December) 303.6278

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	307.5284	303.2690	305.0638
February	310.0852	304.4959	307.8662
March	315.8937	306.9650	310.6073
April	322.8693	310.0336	314.6802
May	321.7330	313.3436	317.6214
June	331.6262	313.8263	322.1025
July	334.3750	321.4496	327.1295
August	337.0739	323.6407	326.9999
September	336.0168	325.1074	330.1962
October	334.0911	325.4465	329.6989
November	333.2833	325.7328	329.0129
December	339.7013	330.5459	335.2231