2023 RWF to DJF Historical Review

YEARLY HIGH

0.1664 DJF

YEARLY LOW

0.1411 DJF

YEARLY AVERAGE

0.1540 DJF

2023 RWF to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.1664. Conversely, the yearly low was recorded on December 26, dropping to 0.1411.

This high-to-low spread represents a total annual volatility of 0.0253 DJF. From a start-to-finish perspective, comparing the January average rate of 0.1654 to the December average rate of 0.1420, the exchange rate registered a net change of -14.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1664 was down 5.67% compared to the 2022 peak of 0.1764, 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 832 DJF

2022 Average 859 DJF

Yearly Trough Low 705 DJF

Transaction Impact: A difference of 126.56 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1677

0.1397

JanuMarcMayJulySeptNove

RWF to DJF 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 0.1610, compared to 0.1470 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0140 points.

H1 Avg (Jan–Jun) 0.1610

H2 Avg (Jul–Dec) 0.1470

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0070 DJF (High: 0.1578 / Low: 0.1509). On the other end, January was the most stable month, with a tight range of 0.0021 DJF (High: 0.1664 / Low: 0.1643).

June Spread (Volatile) ±0.0070

January Spread (Stable) ±0.0021

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 June and July, when the average rate fell by 0.0034 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1654) against the same month in 2022 (average: 0.1732), the exchange rate shifted by -0.0078 (-4.49%).

2023 Avg (January) 0.1654

2022 Avg (January) 0.1732

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1664	0.1643	0.1654
February	0.1660	0.1620	0.1638
March	0.1633	0.1599	0.1624
April	0.1613	0.1565	0.1601
May	0.1598	0.1569	0.1585
June	0.1578	0.1509	0.1555
July	0.1535	0.1497	0.1521
August	0.1517	0.1490	0.1504
September	0.1494	0.1458	0.1479
October	0.1467	0.1438	0.1455
November	0.1449	0.1424	0.1439
December	0.1432	0.1411	0.1420