2023 RWF to AFN Historical Review

YEARLY HIGH

0.0841 AFN

YEARLY LOW

0.0551 AFN

YEARLY AVERAGE

0.0719 AFN

2023 RWF to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 0.0841. Conversely, the yearly low was recorded on December 10, dropping to 0.0551.

This high-to-low spread represents a total annual volatility of 0.0290 AFN. From a start-to-finish perspective, comparing the January average rate of 0.0827 to the December average rate of 0.0558, the exchange rate registered a net change of -32.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0841 was down 18.78% compared to the 2022 peak of 0.1035, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 421 AFN

2022 Average 435 AFN

Yearly Trough Low 275 AFN

Transaction Impact: A difference of 145.06 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0854

0.0531

JanuMarcMayJulySeptNove

RWF to AFN 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 0.0795, compared to 0.0643 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0152 points.

H1 Avg (Jan–Jun) 0.0795

H2 Avg (Jul–Dec) 0.0643

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0074 AFN (High: 0.0685 / Low: 0.0611). On the other end, December was the most stable month, with a tight range of 0.0015 AFN (High: 0.0566 / Low: 0.0551).

September Spread (Volatile) ±0.0074

December Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0066 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0066

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0827) against the same month in 2022 (average: 0.1018), the exchange rate shifted by -0.0191 (-18.77%).

2023 Avg (January) 0.0827

2022 Avg (January) 0.1018

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0841	0.0817	0.0827
February	0.0841	0.0805	0.0825
March	0.0821	0.0778	0.0801
April	0.0825	0.0759	0.0781
May	0.0794	0.0768	0.0780
June	0.0774	0.0724	0.0758
July	0.0759	0.0723	0.0742
August	0.0736	0.0683	0.0714
September	0.0685	0.0611	0.0648
October	0.0644	0.0597	0.0618
November	0.0606	0.0556	0.0579
December	0.0566	0.0551	0.0558