2023 RWF to JMD Historical Review

YEARLY HIGH

0.1431 JMD

YEARLY LOW

0.1227 JMD

YEARLY AVERAGE

0.1334 JMD

2023 RWF to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 0.1431. Conversely, the yearly low was recorded on December 31, dropping to 0.1227.

This high-to-low spread represents a total annual volatility of 0.0204 JMD. From a start-to-finish perspective, comparing the January average rate of 0.1422 to the December average rate of 0.1239, the exchange rate registered a net change of -12.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1431 was down 7.36% compared to the 2022 peak of 0.1544, 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 715 JMD

2022 Average 741 JMD

Yearly Trough Low 613 JMD

Transaction Impact: A difference of 101.88 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1441

0.1220

JanuMarcMayJulySeptNove

RWF to JMD 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 0.1388, compared to 0.1280 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0108 points.

H1 Avg (Jan–Jun) 0.1388

H2 Avg (Jul–Dec) 0.1280

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0061 JMD (High: 0.1371 / Low: 0.1310). On the other end, February was the most stable month, with a tight range of 0.0018 JMD (High: 0.1428 / Low: 0.1410).

June Spread (Volatile) ±0.0061

February Spread (Stable) ±0.0018

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 February and March, when the average rate fell by 0.0031 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1422) against the same month in 2022 (average: 0.1509), the exchange rate shifted by -0.0086 (-5.72%).

2023 Avg (January) 0.1422

2022 Avg (January) 0.1509

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1431	0.1411	0.1422
February	0.1428	0.1410	0.1420
March	0.1410	0.1355	0.1389
April	0.1380	0.1344	0.1371
May	0.1384	0.1361	0.1374
June	0.1371	0.1310	0.1350
July	0.1333	0.1296	0.1321
August	0.1322	0.1294	0.1307
September	0.1297	0.1267	0.1284
October	0.1281	0.1253	0.1268
November	0.1272	0.1248	0.1258
December	0.1247	0.1227	0.1239