2023 RWF to MNT Historical Review

YEARLY HIGH

3.2048 MNT

YEARLY LOW

2.7327 MNT

YEARLY AVERAGE

2.9971 MNT

2023 RWF to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 9, valuing the pair at 3.2048. Conversely, the yearly low was recorded on December 28, dropping to 2.7327.

This high-to-low spread represents a total annual volatility of 0.4721 MNT. From a start-to-finish perspective, comparing the January average rate of 3.1701 to the December average rate of 2.7513, the exchange rate registered a net change of -13.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.2048 was down 1.14% compared to the 2022 peak of 3.2416, 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 16,024 MNT

2022 Average 15,070 MNT

Yearly Trough Low 13,663 MNT

Transaction Impact: A difference of 2,360.70 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.2135

2.7093

JanuMarcMayJulySeptNove

RWF to MNT 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 3.1345, compared to 2.8597 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2748 points.

H1 Avg (Jan–Jun) 3.1345

H2 Avg (Jul–Dec) 2.8597

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.1493 MNT (High: 3.0542 / Low: 2.9049). On the other end, February was the most stable month, with a tight range of 0.0348 MNT (High: 3.1529 / Low: 3.1181).

July Spread (Volatile) ±0.1493

February Spread (Stable) ±0.0348

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 July and August, when the average rate fell by 0.0883 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0883

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 3.1715) against the same month in 2022 (average: 2.9166), the exchange rate shifted by +0.2549 (+8.74%).

2023 Avg (April) 3.1715

2022 Avg (April) 2.9166

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.1879	3.1473	3.1701
February	3.1529	3.1181	3.1359
March	3.1740	3.0639	3.1178
April	3.2048	3.1018	3.1715
May	3.1611	3.1045	3.1366
June	3.1185	2.9883	3.0752
July	3.0542	2.9049	3.0050
August	2.9521	2.8912	2.9167
September	2.8991	2.8195	2.8671
October	2.8498	2.7942	2.8232
November	2.8269	2.7667	2.7950
December	2.7749	2.7327	2.7513