2023 RWF to CDF Historical Review

YEARLY HIGH

2.2236 CDF

YEARLY LOW

1.8230 CDF

YEARLY AVERAGE

2.0122 CDF

2023 RWF to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 2.2236. Conversely, the yearly low was recorded on May 15, dropping to 1.8230.

This high-to-low spread represents a total annual volatility of 0.4006 CDF. From a start-to-finish perspective, comparing the January average rate of 1.9063 to the December average rate of 2.1712, the exchange rate registered a net change of 13.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2236 was up 11.09% compared to the 2022 peak of 2.0016, 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 11,118 CDF

2022 Average 9,749 CDF

Yearly Trough Low 9,115 CDF

Transaction Impact: A difference of 2,003.02 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2007

1.8461

JanuMarcMayJulySeptNove

RWF to CDF 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 1.9306, compared to 2.0939 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1633 points.

H1 Avg (Jan–Jun) 1.9306

H2 Avg (Jul–Dec) 2.0939

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.2460 CDF (High: 2.0690 / Low: 1.8230). On the other end, January was the most stable month, with a tight range of 0.0392 CDF (High: 1.9262 / Low: 1.8870).

May Spread (Volatile) ±0.2460

January Spread (Stable) ±0.0392

Growth Streaks & Declines

Trends

Between April and July, 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 0.0294 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0294

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.1712) against the same month in 2022 (average: 1.9106), the exchange rate shifted by +0.2606 (+13.64%).

2023 Avg (December) 2.1712

2022 Avg (December) 1.9106

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9262	1.8870	1.9063
February	1.9177	1.8736	1.8984
March	1.9088	1.8454	1.8905
April	1.9637	1.8321	1.8757
May	2.0690	1.8230	1.9503
June	2.0842	2.0267	2.0623
July	2.1716	2.0687	2.1136
August	2.1133	2.0649	2.0934
September	2.0853	2.0327	2.0641
October	2.1187	2.0089	2.0606
November	2.1920	1.9973	2.0602
December	2.2236	2.1201	2.1712