2023 RWF to IRR Historical Review

YEARLY HIGH

39.1753 IRR

YEARLY LOW

33.2812 IRR

YEARLY AVERAGE

36.5531 IRR

2023 RWF to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 39.1753. Conversely, the yearly low was recorded on December 28, dropping to 33.2812.

This high-to-low spread represents a total annual volatility of 5.8941 IRR. From a start-to-finish perspective, comparing the January average rate of 39.0199 to the December average rate of 33.6779, the exchange rate registered a net change of -13.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 39.1753 was down 6.70% compared to the 2022 peak of 41.9906, 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 195,876 IRR

2022 Average 204,052 IRR

Yearly Trough Low 166,406 IRR

Transaction Impact: A difference of 29,470.38 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

39.5541

33.1437

JanuMarcMayJulySeptNove

RWF to IRR 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 38.1884, compared to 34.9178 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.2705 points.

H1 Avg (Jan–Jun) 38.1884

H2 Avg (Jul–Dec) 34.9178

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.5855 IRR (High: 37.4855 / Low: 35.9000). On the other end, January was the most stable month, with a tight range of 0.4494 IRR (High: 39.1753 / Low: 38.7259).

June Spread (Volatile) ±1.5855

January Spread (Stable) ±0.4494

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 0.7784 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.7784

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 39.0199) against the same month in 2022 (average: 41.1463), the exchange rate shifted by -2.1264 (-5.17%).

2023 Avg (January) 39.0199

2022 Avg (January) 41.1463

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	39.1753	38.7259	39.0199
February	39.0918	38.2871	38.8593
March	39.1470	37.8815	38.5446
April	38.4778	37.2624	38.0853
May	37.9526	37.2960	37.6786
June	37.4855	35.9000	36.9424
July	36.6693	35.6584	36.1640
August	36.2066	35.4067	35.7440
September	35.5030	34.5180	35.1133
October	34.8994	34.2088	34.5740
November	34.6113	33.9026	34.2338
December	33.9825	33.2812	33.6779