2023 QAR to RWF Historical Review

YEARLY HIGH

346.7454 RWF

YEARLY LOW

292.4462 RWF

YEARLY AVERAGE

317.8451 RWF

2023 QAR to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 346.7454. Conversely, the yearly low was recorded on January 2, dropping to 292.4462.

This high-to-low spread represents a total annual volatility of 54.2992 RWF. From a start-to-finish perspective, comparing the January average rate of 294.9312 to the December average rate of 344.0617, the exchange rate registered a net change of 16.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 346.7454 was up 16.60% compared to the 2022 peak of 297.3914, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,733,727 RWF

2022 Average 1,421,686 RWF

Yearly Trough Low 1,462,231 RWF

Transaction Impact: A difference of 271,496.07 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

348.9747

290.0182

JanuMarcMayJulySeptNove

QAR 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 303.2570, compared to 332.4331 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 29.1761 points.

H1 Avg (Jan–Jun) 303.2570

H2 Avg (Jul–Dec) 332.4331

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 14.0946 RWF (High: 323.4210 / Low: 309.3263). On the other end, January was the most stable month, with a tight range of 4.8622 RWF (High: 297.3084 / Low: 292.4462).

June Spread (Volatile) ±14.0946

January Spread (Stable) ±4.8622

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: 344.0617) against the same month in 2022 (average: 293.6771), the exchange rate shifted by +50.3846 (+17.16%).

2023 Avg (December) 344.0617

2022 Avg (December) 293.6771

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	297.3084	292.4462	294.9312
February	300.8027	293.9757	297.9077
March	305.4043	297.5347	299.9687
April	311.5958	300.1187	304.3921
May	311.3583	305.7288	308.1250
June	323.4210	309.3263	314.2175
July	326.4211	316.4490	320.8917
August	327.0209	320.6070	324.5988
September	336.0713	326.3879	330.4246
October	338.8853	332.4972	335.4494
November	342.4762	335.5368	339.1726
December	346.7454	340.9515	344.0617