2023 RWF to BIF Historical Review

YEARLY HIGH

2.5131 BIF

YEARLY LOW

1.8298 BIF

YEARLY AVERAGE

2.1900 BIF

2023 RWF to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 20, valuing the pair at 2.5131. Conversely, the yearly low was recorded on April 24, dropping to 1.8298.

This high-to-low spread represents a total annual volatility of 0.6833 BIF. From a start-to-finish perspective, comparing the January average rate of 1.9251 to the December average rate of 2.2734, the exchange rate registered a net change of 18.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.5131 was up 24.52% compared to the 2022 peak of 2.0182, 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 12,565 BIF

2022 Average 9,857 BIF

Yearly Trough Low 9,149 BIF

Transaction Impact: A difference of 3,416.35 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.5322

1.8141

JanuMarcMayJulySeptNove

RWF to BIF 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 2.0349, compared to 2.3452 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3104 points.

H1 Avg (Jan–Jun) 2.0349

H2 Avg (Jul–Dec) 2.3452

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.6587 BIF (High: 2.5131 / Low: 1.8543). On the other end, December was the most stable month, with a tight range of 0.0271 BIF (High: 2.2884 / Low: 2.2613).

May Spread (Volatile) ±0.6587

December Spread (Stable) ±0.0271

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0501 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0501

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2.1314) against the same month in 2022 (average: 1.9889), the exchange rate shifted by +0.1425 (+7.16%).

2023 Avg (May) 2.1314

2022 Avg (May) 1.9889

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9396	1.9039	1.9251
February	1.9185	1.8910	1.9082
March	1.9072	1.8676	1.8980
April	1.8865	1.8298	1.8740
May	2.5131	1.8543	2.1314
June	2.4999	2.4047	2.4724
July	2.4621	2.3771	2.4222
August	2.4247	2.3734	2.3960
September	2.3793	2.3219	2.3567
October	2.3457	2.2947	2.3226
November	2.3166	2.2826	2.3005
December	2.2884	2.2613	2.2734