2023 RWF to PKR Historical Review

YEARLY HIGH

0.2644 PKR

YEARLY LOW

0.2108 PKR

YEARLY AVERAGE

0.2416 PKR

2023 RWF to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 11, valuing the pair at 0.2644. Conversely, the yearly low was recorded on January 1, dropping to 0.2108.

This high-to-low spread represents a total annual volatility of 0.0536 PKR. From a start-to-finish perspective, comparing the January average rate of 0.2175 to the December average rate of 0.2249, the exchange rate registered a net change of 3.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2644 was up 13.54% compared to the 2022 peak of 0.2328, 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 1,322 PKR

2022 Average 987 PKR

Yearly Trough Low 1,054 PKR

Transaction Impact: A difference of 267.79 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2600

0.2136

JanuMarcMayJulySeptNove

RWF to PKR 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 0.2464, compared to 0.2367 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0097 points.

H1 Avg (Jan–Jun) 0.2464

H2 Avg (Jul–Dec) 0.2367

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0372 PKR (High: 0.2480 / Low: 0.2108). On the other end, November was the most stable month, with a tight range of 0.0073 PKR (High: 0.2333 / Low: 0.2260).

January Spread (Volatile) ±0.0372

November Spread (Stable) ±0.0073

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 September and October, when the average rate fell by 0.0188 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0188

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.2547) against the same month in 2022 (average: 0.1898), the exchange rate shifted by +0.0649 (+34.19%).

2023 Avg (May) 0.2547

2022 Avg (May) 0.1898

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2480	0.2108	0.2175
February	0.2546	0.2293	0.2444
March	0.2584	0.2403	0.2561
April	0.2612	0.2460	0.2557
May	0.2644	0.2520	0.2547
June	0.2534	0.2432	0.2504
July	0.2471	0.2339	0.2411
August	0.2556	0.2407	0.2481
September	0.2585	0.2355	0.2474
October	0.2366	0.2256	0.2286
November	0.2333	0.2260	0.2302
December	0.2289	0.2210	0.2249