2023 RWF to KES Historical Review

YEARLY HIGH

0.1247 KES

YEARLY LOW

0.1145 KES

YEARLY AVERAGE

0.1206 KES

2023 RWF to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.1247. Conversely, the yearly low was recorded on February 2, dropping to 0.1145.

This high-to-low spread represents a total annual volatility of 0.0102 KES. From a start-to-finish perspective, comparing the January average rate of 0.1153 to the December average rate of 0.1232, the exchange rate registered a net change of 6.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1247 was up 5.87% compared to the 2022 peak of 0.1178, 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 624 KES

2022 Average 569 KES

Yearly Trough Low 572 KES

Transaction Impact: A difference of 51.14 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1240

0.1146

JanuMarcMayJulySeptNove

RWF to KES 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 0.1191, compared to 0.1222 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.1191

H2 Avg (Jul–Dec) 0.1222

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0040 KES (High: 0.1229 / Low: 0.1189). On the other end, January was the most stable month, with a tight range of 0.0009 KES (High: 0.1157 / Low: 0.1148).

June Spread (Volatile) ±0.0040

January Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0009 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.1232) against the same month in 2022 (average: 0.1149), the exchange rate shifted by +0.0083 (+7.18%).

2023 Avg (December) 0.1232

2022 Avg (December) 0.1149

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1157	0.1148	0.1153
February	0.1166	0.1145	0.1156
March	0.1197	0.1167	0.1184
April	0.1225	0.1189	0.1211
May	0.1230	0.1208	0.1223
June	0.1229	0.1189	0.1220
July	0.1221	0.1193	0.1210
August	0.1223	0.1202	0.1215
September	0.1226	0.1207	0.1220
October	0.1230	0.1201	0.1221
November	0.1241	0.1215	0.1231
December	0.1247	0.1220	0.1232