2023 RWF to ISK Historical Review

YEARLY HIGH

0.1353 ISK

YEARLY LOW

0.1075 ISK

YEARLY AVERAGE

0.1195 ISK

2023 RWF to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.1353. Conversely, the yearly low was recorded on December 28, dropping to 0.1075.

This high-to-low spread represents a total annual volatility of 0.0278 ISK. From a start-to-finish perspective, comparing the January average rate of 0.1330 to the December average rate of 0.1099, the exchange rate registered a net change of -17.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1353 was down 3.54% compared to the 2022 peak of 0.1403, 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 676 ISK

2022 Average 653 ISK

Yearly Trough Low 537 ISK

Transaction Impact: A difference of 139.18 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1353

0.1076

JanuMarcMayJulySeptNove

RWF to ISK 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 0.1266, compared to 0.1124 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0142 points.

H1 Avg (Jan–Jun) 0.1266

H2 Avg (Jul–Dec) 0.1124

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0086 ISK (High: 0.1247 / Low: 0.1160). On the other end, September was the most stable month, with a tight range of 0.0031 ISK (High: 0.1140 / Low: 0.1109).

June Spread (Volatile) ±0.0086

September Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0069 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0069

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1330) against the same month in 2022 (average: 0.1256), the exchange rate shifted by +0.0074 (+5.88%).

2023 Avg (January) 0.1330

2022 Avg (January) 0.1256

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1353	0.1304	0.1330
February	0.1335	0.1289	0.1317
March	0.1305	0.1230	0.1279
April	0.1249	0.1198	0.1230
May	0.1252	0.1217	0.1234
June	0.1247	0.1160	0.1205
July	0.1183	0.1107	0.1136
August	0.1128	0.1093	0.1115
September	0.1140	0.1109	0.1125
October	0.1150	0.1116	0.1134
November	0.1168	0.1102	0.1133
December	0.1121	0.1075	0.1099