2023 RWF to CRC Historical Review

YEARLY HIGH

0.5537 CRC

YEARLY LOW

0.4126 CRC

YEARLY AVERAGE

0.4695 CRC

2023 RWF to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.5537. Conversely, the yearly low was recorded on December 31, dropping to 0.4126.

This high-to-low spread represents a total annual volatility of 0.1411 CRC. From a start-to-finish perspective, comparing the January average rate of 0.5348 to the December average rate of 0.4188, the exchange rate registered a net change of -21.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5537 was down 18.11% compared to the 2022 peak of 0.6762, 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 2,768 CRC

2022 Average 3,116 CRC

Yearly Trough Low 2,063 CRC

Transaction Impact: A difference of 705.38 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5464

0.4072

JanuMarcMayJulySeptNove

RWF to CRC 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 0.4979, compared to 0.4411 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0568 points.

H1 Avg (Jan–Jun) 0.4979

H2 Avg (Jul–Dec) 0.4411

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0426 CRC (High: 0.5537 / Low: 0.5111). On the other end, November was the most stable month, with a tight range of 0.0088 CRC (High: 0.4344 / Low: 0.4256).

January Spread (Volatile) ±0.0426

November Spread (Stable) ±0.0088

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 February and March, when the average rate fell by 0.0214 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0214

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5348) against the same month in 2022 (average: 0.6220), the exchange rate shifted by -0.0872 (-14.01%).

2023 Avg (January) 0.5348

2022 Avg (January) 0.6220

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5537	0.5111	0.5348
February	0.5380	0.5085	0.5202
March	0.5119	0.4866	0.4988
April	0.4915	0.4677	0.4827
May	0.4871	0.4716	0.4791
June	0.4779	0.4603	0.4718
July	0.4704	0.4531	0.4624
August	0.4634	0.4485	0.4550
September	0.4531	0.4379	0.4451
October	0.4418	0.4303	0.4353
November	0.4344	0.4256	0.4298
December	0.4258	0.4126	0.4188