2023 RWF to NIO Historical Review

YEARLY HIGH

0.0342 NIO

YEARLY LOW

0.0291 NIO

YEARLY AVERAGE

0.0316 NIO

2023 RWF to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.0342. Conversely, the yearly low was recorded on December 28, dropping to 0.0291.

This high-to-low spread represents a total annual volatility of 0.0051 NIO. From a start-to-finish perspective, comparing the January average rate of 0.0339 to the December average rate of 0.0292, the exchange rate registered a net change of -13.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0342 was down 7.20% compared to the 2022 peak of 0.0368, 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 171 NIO

2022 Average 173 NIO

Yearly Trough Low 145 NIO

Transaction Impact: A difference of 25.56 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0344

0.0288

JanuMarcMayJulySeptNove

RWF to NIO 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 0.0331, compared to 0.0302 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.0331

H2 Avg (Jul–Dec) 0.0302

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0014 NIO (High: 0.0324 / Low: 0.0310). On the other end, December was the most stable month, with a tight range of 0.0005 NIO (High: 0.0295 / Low: 0.0291).

June Spread (Volatile) ±0.0014

December Spread (Stable) ±0.0005

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 0.0007 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0339) against the same month in 2022 (average: 0.0345), the exchange rate shifted by -0.0006 (-1.61%).

2023 Avg (January) 0.0339

2022 Avg (January) 0.0345

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0342	0.0336	0.0339
February	0.0338	0.0333	0.0336
March	0.0336	0.0328	0.0334
April	0.0332	0.0321	0.0329
May	0.0328	0.0322	0.0326
June	0.0324	0.0310	0.0319
July	0.0316	0.0307	0.0313
August	0.0313	0.0307	0.0309
September	0.0308	0.0300	0.0304
October	0.0302	0.0296	0.0299
November	0.0299	0.0294	0.0296
December	0.0295	0.0291	0.0292