2023 RWF to LKR Historical Review

YEARLY HIGH

0.3429 LKR

YEARLY LOW

0.2566 LKR

YEARLY AVERAGE

0.2849 LKR

2023 RWF to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.3429. Conversely, the yearly low was recorded on June 5, dropping to 0.2566.

This high-to-low spread represents a total annual volatility of 0.0863 LKR. From a start-to-finish perspective, comparing the January average rate of 0.3403 to the December average rate of 0.2606, the exchange rate registered a net change of -23.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3429 was down 4.26% compared to the 2022 peak of 0.3582, 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 1,715 LKR

2022 Average 1,563 LKR

Yearly Trough Low 1,283 LKR

Transaction Impact: A difference of 431.59 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3483

0.2526

JanuMarcMayJulySeptNove

RWF to LKR 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 0.3021, compared to 0.2677 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0345 points.

H1 Avg (Jan–Jun) 0.3021

H2 Avg (Jul–Dec) 0.2677

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0429 LKR (High: 0.3343 / Low: 0.2914). On the other end, November was the most stable month, with a tight range of 0.0035 LKR (High: 0.2674 / Low: 0.2639).

March Spread (Volatile) ±0.0429

November Spread (Stable) ±0.0035

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 0.0303 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0303

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3403) against the same month in 2022 (average: 0.1972), the exchange rate shifted by +0.1431 (+72.56%).

2023 Avg (January) 0.3403

2022 Avg (January) 0.1972

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3429	0.3363	0.3403
February	0.3403	0.3322	0.3360
March	0.3343	0.2914	0.3057
April	0.2977	0.2838	0.2902
May	0.2868	0.2607	0.2762
June	0.2810	0.2566	0.2644
July	0.2826	0.2638	0.2733
August	0.2760	0.2679	0.2720
September	0.2716	0.2655	0.2686
October	0.2672	0.2622	0.2659
November	0.2674	0.2639	0.2655
December	0.2641	0.2569	0.2606