2023 RWF to SLL Historical Review

YEARLY HIGH

17.9435 SLL

YEARLY LOW

15.0012 SLL

YEARLY AVERAGE

16.4548 SLL

2023 RWF to SLL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 17.9435. Conversely, the yearly low was recorded on June 29, dropping to 15.0012.

This high-to-low spread represents a total annual volatility of 2.9423 SLL. From a start-to-finish perspective, comparing the January average rate of 16.4370 to the December average rate of 16.7227, the exchange rate registered a net change of 1.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 17.9435 was up 6.76% compared to the 2022 peak of 16.8078, 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 89,717 SLL

2022 Average 66,116 SLL

Yearly Trough Low 75,006 SLL

Transaction Impact: A difference of 14,711.70 SLL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

17.9572

15.2078

JanuMarcMayJulySeptNove

RWF to SLL 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 15.9914, compared to 16.9182 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9267 points.

H1 Avg (Jan–Jun) 15.9914

H2 Avg (Jul–Dec) 16.9182

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 2.7853 SLL (High: 17.8161 / Low: 15.0308). On the other end, February was the most stable month, with a tight range of 0.1805 SLL (High: 16.3476 / Low: 16.1671).

July Spread (Volatile) ±2.7853

February Spread (Stable) ±0.1805

Growth Streaks & Declines

Trends

Between June and August, 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 May and June, when the average rate fell by 0.3087 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3087

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 17.7281) against the same month in 2022 (average: 13.3100), the exchange rate shifted by +4.4181 (+33.19%).

2023 Avg (August) 17.7281

2022 Avg (August) 13.3100

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.5292	16.3187	16.4370
February	16.3476	16.1671	16.2595
March	16.3676	15.8861	16.1488
April	16.0878	15.5705	15.9206
May	15.8682	15.5845	15.7456
June	15.6544	15.0012	15.4370
July	17.8161	15.0308	15.4834
August	17.9435	17.5730	17.7281
September	17.6208	17.1370	17.4264
October	17.3213	16.9835	17.1597
November	17.1823	16.8166	16.9885
December	16.8662	16.6095	16.7227