2023 RWF to MAD Historical Review

YEARLY HIGH

0.0098 MAD

YEARLY LOW

0.0078 MAD

YEARLY AVERAGE

0.0088 MAD

2023 RWF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0098. Conversely, the yearly low was recorded on December 27, dropping to 0.0078.

This high-to-low spread represents a total annual volatility of 0.0020 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0095 to the December average rate of 0.0080, the exchange rate registered a net change of -15.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0098 was down 6.97% compared to the 2022 peak of 0.0106, 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 49 MAD

2022 Average 49 MAD

Yearly Trough Low 39 MAD

Transaction Impact: A difference of 10.09 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0097

0.0079

JanuMarcMayJulySeptNove

RWF to MAD 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 0.0092, compared to 0.0083 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0092

H2 Avg (Jul–Dec) 0.0083

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0006 MAD (High: 0.0090 / Low: 0.0084). On the other end, May was the most stable month, with a tight range of 0.0002 MAD (High: 0.0091 / Low: 0.0089).

June Spread (Volatile) ±0.0006

May Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between July and September, 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 June and July, when the average rate fell by 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0095) against the same month in 2022 (average: 0.0090), the exchange rate shifted by +0.0005 (+5.27%).

2023 Avg (January) 0.0095

2022 Avg (January) 0.0090

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0098	0.0094	0.0095
February	0.0096	0.0093	0.0095
March	0.0096	0.0092	0.0094
April	0.0093	0.0089	0.0091
May	0.0091	0.0089	0.0090
June	0.0090	0.0084	0.0088
July	0.0085	0.0082	0.0083
August	0.0086	0.0082	0.0084
September	0.0086	0.0084	0.0085
October	0.0085	0.0083	0.0084
November	0.0084	0.0081	0.0082
December	0.0081	0.0078	0.0080