2023 RON to RWF Historical Review

YEARLY HIGH

281.3030 RWF

YEARLY LOW

228.3202 RWF

YEARLY AVERAGE

253.1807 RWF

2023 RON to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 281.3030. Conversely, the yearly low was recorded on January 5, dropping to 228.3202.

This high-to-low spread represents a total annual volatility of 52.9827 RWF. From a start-to-finish perspective, comparing the January average rate of 235.3122 to the December average rate of 275.5368, the exchange rate registered a net change of 17.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 281.3030 was up 16.88% compared to the 2022 peak of 240.6689, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,406,515 RWF

2022 Average 1,106,701 RWF

Yearly Trough Low 1,141,601 RWF

Transaction Impact: A difference of 264,913.73 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

279.5593

231.2897

JanuMarcMayJulySeptNove

RON 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 242.1293, compared to 264.2322 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 22.1029 points.

H1 Avg (Jan–Jun) 242.1293

H2 Avg (Jul–Dec) 264.2322

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 15.2413 RWF (High: 258.9852 / Low: 243.7439). On the other end, September was the most stable month, with a tight range of 4.1677 RWF (High: 260.7452 / Low: 256.5775).

June Spread (Volatile) ±15.2413

September Spread (Stable) ±4.1677

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 2.3989 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.3989

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 275.5368) against the same month in 2022 (average: 230.4309), the exchange rate shifted by +45.1059 (+19.57%).

2023 Avg (December) 275.5368

2022 Avg (December) 230.4309

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	241.5645	228.3202	235.3122
February	242.6067	233.3671	236.8622
March	243.4422	233.8500	237.7649
April	254.2821	242.1695	246.3851
May	250.3096	242.9541	246.2848
June	258.9852	243.7439	250.1666
July	265.9254	253.4126	261.4416
August	263.9763	259.4242	261.0958
September	260.7452	256.5775	258.6969
October	263.4579	255.4283	259.9288
November	275.1339	263.4088	268.6932
December	281.3030	270.4849	275.5368