2023 RWF to ARS Historical Review

YEARLY HIGH

0.6427 ARS

YEARLY LOW

0.1644 ARS

YEARLY AVERAGE

0.2511 ARS

2023 RWF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.6427. Conversely, the yearly low was recorded on January 1, dropping to 0.1644.

This high-to-low spread represents a total annual volatility of 0.4783 ARS. From a start-to-finish perspective, comparing the January average rate of 0.1694 to the December average rate of 0.5034, the exchange rate registered a net change of 197.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6427 was up 287.84% compared to the 2022 peak of 0.1657, 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 3,213 ARS

2022 Average 629 ARS

Yearly Trough Low 822 ARS

Transaction Impact: A difference of 2,391.58 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5368

0.1360

JanuMarcMayJulySeptNove

RWF to ARS 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 0.1912, compared to 0.3110 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1197 points.

H1 Avg (Jan–Jun) 0.1912

H2 Avg (Jul–Dec) 0.3110

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.3535 ARS (High: 0.6427 / Low: 0.2892). On the other end, October was the most stable month, with a tight range of 0.0056 ARS (High: 0.2891 / Low: 0.2835).

December Spread (Volatile) ±0.3535

October Spread (Stable) ±0.0056

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0044 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.5034) against the same month in 2022 (average: 0.1609), the exchange rate shifted by +0.3424 (+212.78%).

2023 Avg (December) 0.5034

2022 Avg (December) 0.1609

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1731	0.1644	0.1694
February	0.1809	0.1722	0.1765
March	0.1894	0.1811	0.1851
April	0.1996	0.1880	0.1939
May	0.2124	0.1987	0.2057
June	0.2205	0.2127	0.2168
July	0.2325	0.2202	0.2274
August	0.2959	0.2347	0.2716
September	0.2938	0.2860	0.2908
October	0.2891	0.2835	0.2864
November	0.2903	0.2827	0.2862
December	0.6427	0.2892	0.5034