2023 RWF to NZD Historical Review

YEARLY HIGH

0.0015 NZD

YEARLY LOW

0.0013 NZD

YEARLY AVERAGE

0.0014 NZD

2023 RWF to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 0.0015. Conversely, the yearly low was recorded on December 28, dropping to 0.0013.

This high-to-low spread represents a total annual volatility of 0.0003 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0015 to the December average rate of 0.0013, the exchange rate registered a net change of -11.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0015 was down 12.46% compared to the 2022 peak of 0.0017, 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 8 NZD

2022 Average 8 NZD

Yearly Trough Low 6 NZD

Transaction Impact: A difference of 1.26 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0015

0.0013

JanuMarcMayJulySeptNove

RWF to NZD 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 0.0015, compared to 0.0014 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0015

H2 Avg (Jul–Dec) 0.0014

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0001 NZD (High: 0.0015 / Low: 0.0014). On the other end, April was the most stable month, with a tight range of 0.0000 NZD (High: 0.0015 / Low: 0.0014).

June Spread (Volatile) ±0.0001

April Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between January and March, 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 November and December, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0015) against the same month in 2022 (average: 0.0014), the exchange rate shifted by +0.0000 (+3.25%).

2023 Avg (March) 0.0015

2022 Avg (March) 0.0014

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0015	0.0014	0.0015
February	0.0015	0.0014	0.0015
March	0.0015	0.0014	0.0015
April	0.0015	0.0014	0.0015
May	0.0015	0.0014	0.0014
June	0.0015	0.0014	0.0014
July	0.0014	0.0013	0.0014
August	0.0014	0.0014	0.0014
September	0.0014	0.0014	0.0014
October	0.0014	0.0013	0.0014
November	0.0014	0.0013	0.0014
December	0.0013	0.0013	0.0013