2023 RWF to ETB Historical Review

YEARLY HIGH

0.0502 ETB

YEARLY LOW

0.0443 ETB

YEARLY AVERAGE

0.0474 ETB

2023 RWF to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.0502. Conversely, the yearly low was recorded on December 10, dropping to 0.0443.

This high-to-low spread represents a total annual volatility of 0.0058 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0499 to the December average rate of 0.0448, the exchange rate registered a net change of -10.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0502 was down 2.22% compared to the 2022 peak of 0.0513, 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 251 ETB

2022 Average 251 ETB

Yearly Trough Low 222 ETB

Transaction Impact: A difference of 29.24 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0504

0.0443

JanuMarcMayJulySeptNove

RWF to ETB 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 0.0489, compared to 0.0458 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0031 points.

H1 Avg (Jan–Jun) 0.0489

H2 Avg (Jul–Dec) 0.0458

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0020 ETB (High: 0.0484 / Low: 0.0464). On the other end, February was the most stable month, with a tight range of 0.0005 ETB (High: 0.0496 / Low: 0.0491).

June Spread (Volatile) ±0.0020

February Spread (Stable) ±0.0005

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 May and June, when the average rate fell by 0.0008 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0499) against the same month in 2022 (average: 0.0483), the exchange rate shifted by +0.0016 (+3.37%).

2023 Avg (January) 0.0499

2022 Avg (January) 0.0483

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0502	0.0494	0.0499
February	0.0496	0.0491	0.0494
March	0.0494	0.0484	0.0491
April	0.0494	0.0479	0.0488
May	0.0488	0.0479	0.0485
June	0.0484	0.0464	0.0477
July	0.0474	0.0460	0.0469
August	0.0470	0.0462	0.0466
September	0.0464	0.0451	0.0459
October	0.0459	0.0451	0.0455
November	0.0455	0.0448	0.0452
December	0.0452	0.0443	0.0448