2023 RWF to INR Historical Review

YEARLY HIGH

0.0774 INR

YEARLY LOW

0.0657 INR

YEARLY AVERAGE

0.0715 INR

2023 RWF to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0774. Conversely, the yearly low was recorded on December 28, dropping to 0.0657.

This high-to-low spread represents a total annual volatility of 0.0117 INR. From a start-to-finish perspective, comparing the January average rate of 0.0760 to the December average rate of 0.0664, the exchange rate registered a net change of -12.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0774 was down 2.63% compared to the 2022 peak of 0.0795, 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 387 INR

2022 Average 379 INR

Yearly Trough Low 328 INR

Transaction Impact: A difference of 58.70 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0770

0.0654

JanuMarcMayJulySeptNove

RWF to INR 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 0.0744, compared to 0.0686 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0058 points.

H1 Avg (Jan–Jun) 0.0744

H2 Avg (Jul–Dec) 0.0686

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0033 INR (High: 0.0729 / Low: 0.0697). On the other end, May was the most stable month, with a tight range of 0.0011 INR (High: 0.0740 / Low: 0.0729).

June Spread (Volatile) ±0.0033

May Spread (Stable) ±0.0011

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 0.0016 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0760) against the same month in 2022 (average: 0.0725), the exchange rate shifted by +0.0036 (+4.90%).

2023 Avg (January) 0.0760

2022 Avg (January) 0.0725

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0774	0.0753	0.0760
February	0.0766	0.0753	0.0761
March	0.0765	0.0739	0.0752
April	0.0746	0.0721	0.0739
May	0.0740	0.0729	0.0734
June	0.0729	0.0697	0.0718
July	0.0716	0.0693	0.0704
August	0.0707	0.0693	0.0700
September	0.0697	0.0680	0.0690
October	0.0687	0.0672	0.0681
November	0.0681	0.0667	0.0675
December	0.0670	0.0657	0.0664