2023 RWF to CVE Historical Review

YEARLY HIGH

0.0980 CVE

YEARLY LOW

0.0791 CVE

YEARLY AVERAGE

0.0884 CVE

2023 RWF to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0980. Conversely, the yearly low was recorded on December 31, dropping to 0.0791.

This high-to-low spread represents a total annual volatility of 0.0189 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0954 to the December average rate of 0.0807, the exchange rate registered a net change of -15.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0980 was down 11.11% compared to the 2022 peak of 0.1102, 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 490 CVE

2022 Average 507 CVE

Yearly Trough Low 395 CVE

Transaction Impact: A difference of 94.69 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0968

0.0792

JanuMarcMayJulySeptNove

RWF to CVE 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 0.0925, compared to 0.0843 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0082 points.

H1 Avg (Jan–Jun) 0.0925

H2 Avg (Jul–Dec) 0.0843

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0062 CVE (High: 0.0921 / Low: 0.0860). On the other end, August was the most stable month, with a tight range of 0.0012 CVE (High: 0.0860 / Low: 0.0848).

June Spread (Volatile) ±0.0062

August Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between July and September, 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 0.0037 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0954) against the same month in 2022 (average: 0.0951), the exchange rate shifted by +0.0002 (+0.25%).

2023 Avg (January) 0.0954

2022 Avg (January) 0.0951

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0980	0.0938	0.0954
February	0.0958	0.0931	0.0949
March	0.0959	0.0916	0.0942
April	0.0918	0.0879	0.0908
May	0.0916	0.0897	0.0906
June	0.0921	0.0860	0.0892
July	0.0880	0.0838	0.0855
August	0.0860	0.0848	0.0855
September	0.0864	0.0851	0.0858
October	0.0869	0.0840	0.0855
November	0.0852	0.0810	0.0828
December	0.0825	0.0791	0.0807