2023 RWF to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 RWF to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the RWF to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 21, valuing the pair at 16.9520. Conversely, the yearly low was recorded on April 24, dropping to 15.0655.
This high-to-low spread represents a total annual volatility of 1.8865 LAK. From a start-to-finish perspective, comparing the January average rate of 15.8090 to the December average rate of 16.4718, the exchange rate registered a net change of 4.19% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 16.9520 was down 3.07% compared to the 2022 peak of 17.4882, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RWF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
RWF to LAK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 15.6538, compared to 16.5734 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9195 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 0.8024 LAK (High: 16.5104 / Low: 15.7081). On the other end, November was the most stable month, with a tight range of 0.2900 LAK (High: 16.9062 / Low: 16.6162).
Growth Streaks & Declines
TrendsBetween March and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.2906 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 16.8553) against the same month in 2022 (average: 16.0198), the exchange rate shifted by +0.8355 (+5.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.2311 | 15.5520 | 15.8090 |
| February | 15.7016 | 15.3330 | 15.5320 |
| March | 15.5132 | 15.1943 | 15.4269 |
| April | 15.5446 | 15.0655 | 15.4516 |
| May | 15.7488 | 15.4380 | 15.6443 |
| June | 16.5104 | 15.7081 | 16.0593 |
| July | 16.5101 | 16.0987 | 16.3563 |
| August | 16.5444 | 16.1822 | 16.4367 |
| September | 16.7394 | 16.3762 | 16.5576 |
| October | 16.9520 | 16.6006 | 16.8553 |
| November | 16.9062 | 16.6162 | 16.7625 |
| December | 16.6572 | 16.2762 | 16.4718 |