2023 RWF to GMD Historical Review

YEARLY HIGH

0.0581 GMD

YEARLY LOW

0.0502 GMD

YEARLY AVERAGE

0.0539 GMD

2023 RWF to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 0.0581. Conversely, the yearly low was recorded on September 16, dropping to 0.0502.

This high-to-low spread represents a total annual volatility of 0.0078 GMD. From a start-to-finish perspective, comparing the January average rate of 0.0577 to the December average rate of 0.0537, the exchange rate registered a net change of -6.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0581 was down 0.62% compared to the 2022 peak of 0.0584, 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 290 GMD

2022 Average 267 GMD

Yearly Trough Low 251 GMD

Transaction Impact: A difference of 39.15 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0584

0.0504

JanuMarcMayJulySeptNove

RWF to GMD 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 0.0552, compared to 0.0525 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0552

H2 Avg (Jul–Dec) 0.0525

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0037 GMD (High: 0.0539 / Low: 0.0502). On the other end, August was the most stable month, with a tight range of 0.0007 GMD (High: 0.0517 / Low: 0.0510).

September Spread (Volatile) ±0.0037

August Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0025 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0577) against the same month in 2022 (average: 0.0514), the exchange rate shifted by +0.0063 (+12.26%).

2023 Avg (January) 0.0577

2022 Avg (January) 0.0514

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0581	0.0569	0.0577
February	0.0570	0.0560	0.0562
March	0.0570	0.0556	0.0561
April	0.0566	0.0537	0.0557
May	0.0539	0.0526	0.0533
June	0.0528	0.0506	0.0520
July	0.0517	0.0503	0.0511
August	0.0517	0.0510	0.0512
September	0.0539	0.0502	0.0514
October	0.0541	0.0527	0.0537
November	0.0549	0.0526	0.0542
December	0.0542	0.0533	0.0537