2023 RWF to JPY Historical Review

YEARLY HIGH

0.1260 JPY

YEARLY LOW

0.1118 JPY

YEARLY AVERAGE

0.1214 JPY

2023 RWF to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 0.1260. Conversely, the yearly low was recorded on December 31, dropping to 0.1118.

This high-to-low spread represents a total annual volatility of 0.0142 JPY. From a start-to-finish perspective, comparing the January average rate of 0.1211 to the December average rate of 0.1146, the exchange rate registered a net change of -5.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1260 was down 11.24% compared to the 2022 peak of 0.1419, 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 630 JPY

2022 Average 634 JPY

Yearly Trough Low 559 JPY

Transaction Impact: A difference of 71.00 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1244

0.1137

JanuMarcMayJulySeptNove

RWF to JPY 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 0.1220, compared to 0.1207 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.1220

H2 Avg (Jul–Dec) 0.1207

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0081 JPY (High: 0.1260 / Low: 0.1179). On the other end, September was the most stable month, with a tight range of 0.0018 JPY (High: 0.1237 / Low: 0.1220).

March Spread (Volatile) ±0.0081

September Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between April and June, 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 November and December, when the average rate fell by 0.0068 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0068

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.1221) against the same month in 2022 (average: 0.1164), the exchange rate shifted by +0.0058 (+4.97%).

2023 Avg (March) 0.1221

2022 Avg (March) 0.1164

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1246	0.1190	0.1211
February	0.1254	0.1182	0.1226
March	0.1260	0.1179	0.1221
April	0.1229	0.1182	0.1204
May	0.1249	0.1198	0.1223
June	0.1254	0.1220	0.1235
July	0.1253	0.1180	0.1209
August	0.1235	0.1204	0.1224
September	0.1237	0.1220	0.1228
October	0.1231	0.1201	0.1224
November	0.1237	0.1183	0.1214
December	0.1183	0.1118	0.1146