2023 RWF to MZN Historical Review

YEARLY HIGH

0.0597 MZN

YEARLY LOW

0.0506 MZN

YEARLY AVERAGE

0.0553 MZN

2023 RWF to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0597. Conversely, the yearly low was recorded on December 28, dropping to 0.0506.

This high-to-low spread represents a total annual volatility of 0.0091 MZN. From a start-to-finish perspective, comparing the January average rate of 0.0594 to the December average rate of 0.0509, the exchange rate registered a net change of -14.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0597 was down 5.82% compared to the 2022 peak of 0.0634, 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 299 MZN

2022 Average 308 MZN

Yearly Trough Low 253 MZN

Transaction Impact: A difference of 45.65 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0603

0.0501

JanuMarcMayJulySeptNove

RWF to MZN 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 0.0578, compared to 0.0528 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 0.0578

H2 Avg (Jul–Dec) 0.0528

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0023 MZN (High: 0.0566 / Low: 0.0543). On the other end, February was the most stable month, with a tight range of 0.0007 MZN (High: 0.0592 / Low: 0.0585).

June Spread (Volatile) ±0.0023

February Spread (Stable) ±0.0007

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 June and July, when the average rate fell by 0.0012 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0594) against the same month in 2022 (average: 0.0622), the exchange rate shifted by -0.0027 (-4.37%).

2023 Avg (January) 0.0594

2022 Avg (January) 0.0622

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0597	0.0590	0.0594
February	0.0592	0.0585	0.0588
March	0.0592	0.0575	0.0584
April	0.0581	0.0563	0.0576
May	0.0574	0.0564	0.0569
June	0.0566	0.0543	0.0558
July	0.0554	0.0537	0.0546
August	0.0547	0.0535	0.0540
September	0.0536	0.0522	0.0531
October	0.0528	0.0518	0.0523
November	0.0524	0.0512	0.0517
December	0.0514	0.0506	0.0509