2023 RWF to IDR Historical Review

YEARLY HIGH

14.6051 IDR

YEARLY LOW

12.2012 IDR

YEARLY AVERAGE

13.1887 IDR

2023 RWF to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 14.6051. Conversely, the yearly low was recorded on December 30, dropping to 12.2012.

This high-to-low spread represents a total annual volatility of 2.4040 IDR. From a start-to-finish perspective, comparing the January average rate of 14.1840 to the December average rate of 12.3474, the exchange rate registered a net change of -12.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.6051 was down 2.24% compared to the 2022 peak of 14.9393, 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 73,026 IDR

2022 Average 71,657 IDR

Yearly Trough Low 61,006 IDR

Transaction Impact: A difference of 12,019.87 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.3677

12.1637

JanuMarcMayJulySeptNove

RWF to IDR 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 13.6375, compared to 12.7399 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8976 points.

H1 Avg (Jan–Jun) 13.6375

H2 Avg (Jul–Dec) 12.7399

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.7817 IDR (High: 14.6051 / Low: 13.8234). On the other end, September was the most stable month, with a tight range of 0.1924 IDR (High: 12.8541 / Low: 12.6617).

January Spread (Volatile) ±0.7817

September Spread (Stable) ±0.1924

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 March and April, when the average rate fell by 0.5819 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.5819

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 14.1840) against the same month in 2022 (average: 13.9546), the exchange rate shifted by +0.2295 (+1.64%).

2023 Avg (January) 14.1840

2022 Avg (January) 13.9546

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.6051	13.8234	14.1840
February	14.0399	13.6781	13.9588
March	14.2662	13.5011	13.9851
April	13.5816	13.1542	13.4032
May	13.3471	13.1153	13.2328
June	13.2196	12.7979	13.0610
July	13.1281	12.7096	12.8919
August	12.9886	12.7572	12.9064
September	12.8541	12.6617	12.7771
October	13.0239	12.6517	12.8964
November	12.8525	12.3488	12.6204
December	12.5181	12.2012	12.3474