2023 RSD to RWF Historical Review

YEARLY HIGH

11.9436 RWF

YEARLY LOW

9.5930 RWF

YEARLY AVERAGE

10.6840 RWF

2023 RSD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 11.9436. Conversely, the yearly low was recorded on January 5, dropping to 9.5930.

This high-to-low spread represents a total annual volatility of 2.3506 RWF. From a start-to-finish perspective, comparing the January average rate of 9.8779 to the December average rate of 11.6841, the exchange rate registered a net change of 18.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.9436 was up 18.15% compared to the 2022 peak of 10.1091, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 59,718 RWF

2022 Average 46,461 RWF

Yearly Trough Low 47,965 RWF

Transaction Impact: A difference of 11,753.16 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.8647

9.6973

JanuMarcMayJulySeptNove

RSD 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 10.1904, compared to 11.1776 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9871 points.

H1 Avg (Jan–Jun) 10.1904

H2 Avg (Jul–Dec) 11.1776

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.6074 RWF (High: 10.9444 / Low: 10.3370). On the other end, September was the most stable month, with a tight range of 0.1562 RWF (High: 11.0266 / Low: 10.8704).

June Spread (Volatile) ±0.6074

September Spread (Stable) ±0.1562

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 August and September, when the average rate fell by 0.0494 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0494

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 11.6841) against the same month in 2022 (average: 9.6658), the exchange rate shifted by +2.0183 (+20.88%).

2023 Avg (December) 11.6841

2022 Avg (December) 9.6658

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.0415	9.5930	9.8779
February	10.1443	9.7853	9.9097
March	10.2728	9.8055	9.9930
April	10.6997	10.2357	10.3797
May	10.5460	10.2844	10.3960
June	10.9444	10.3370	10.5864
July	11.2060	10.7301	11.0198
August	11.1210	10.9339	11.0037
September	11.0266	10.8704	10.9543
October	11.1612	10.8351	11.0110
November	11.6619	11.1717	11.3922
December	11.9436	11.4656	11.6841