2023 RWF to SGD Historical Review

YEARLY HIGH

0.0013 SGD

YEARLY LOW

0.0010 SGD

YEARLY AVERAGE

0.0012 SGD

2023 RWF to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0013. Conversely, the yearly low was recorded on December 28, dropping to 0.0010.

This high-to-low spread represents a total annual volatility of 0.0002 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0012 to the December average rate of 0.0011, the exchange rate registered a net change of -13.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0013 was down 8.75% compared to the 2022 peak of 0.0014, 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 6 SGD

2022 Average 7 SGD

Yearly Trough Low 5 SGD

Transaction Impact: A difference of 1.06 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0012

0.0010

JanuMarcMayJulySeptNove

RWF to SGD 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 0.0012, compared to 0.0011 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) 0.0012

H2 Avg (Jul–Dec) 0.0011

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0001 SGD (High: 0.0012 / Low: 0.0011). On the other end, May was the most stable month, with a tight range of 0.0000 SGD (High: 0.0012 / Low: 0.0012).

July Spread (Volatile) ±0.0001

May Spread (Stable) ±0.0000

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 0.0000 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0012) against the same month in 2022 (average: 0.0013), the exchange rate shifted by -0.0001 (-6.27%).

2023 Avg (January) 0.0012

2022 Avg (January) 0.0013

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0013	0.0012	0.0012
February	0.0012	0.0012	0.0012
March	0.0012	0.0012	0.0012
April	0.0012	0.0012	0.0012
May	0.0012	0.0012	0.0012
June	0.0012	0.0012	0.0012
July	0.0012	0.0011	0.0011
August	0.0012	0.0011	0.0011
September	0.0011	0.0011	0.0011
October	0.0011	0.0011	0.0011
November	0.0011	0.0011	0.0011
December	0.0011	0.0010	0.0011