2023 RWF to SYP Historical Review

YEARLY HIGH

2.3510 SYP

YEARLY LOW

1.9901 SYP

YEARLY AVERAGE

2.1754 SYP

2023 RWF to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 2.3510. Conversely, the yearly low was recorded on December 28, dropping to 1.9901.

This high-to-low spread represents a total annual volatility of 0.3609 SYP. From a start-to-finish perspective, comparing the January average rate of 2.3379 to the December average rate of 2.0037, the exchange rate registered a net change of -14.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3510 was down 5.83% compared to the 2022 peak of 2.4966, 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 11,755 SYP

2022 Average 12,128 SYP

Yearly Trough Low 9,951 SYP

Transaction Impact: A difference of 1,804.28 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3713

1.9703

JanuMarcMayJulySeptNove

RWF to SYP 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 2.2745, compared to 2.0764 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1981 points.

H1 Avg (Jan–Jun) 2.2745

H2 Avg (Jul–Dec) 2.0764

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0929 SYP (High: 2.2266 / Low: 2.1336). On the other end, February was the most stable month, with a tight range of 0.0257 SYP (High: 2.3252 / Low: 2.2995).

June Spread (Volatile) ±0.0929

February Spread (Stable) ±0.0257

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 0.0447 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0447

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.3379) against the same month in 2022 (average: 2.4459), the exchange rate shifted by -0.1080 (-4.42%).

2023 Avg (January) 2.3379

2022 Avg (January) 2.4459

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3510	2.3210	2.3379
February	2.3252	2.2995	2.3126
March	2.3280	2.2595	2.2969
April	2.2882	2.2146	2.2644
May	2.2570	2.2166	2.2395
June	2.2266	2.1336	2.1956
July	2.1807	2.1155	2.1509
August	2.1500	2.1056	2.1241
September	2.1113	2.0533	2.0880
October	2.0754	2.0349	2.0561
November	2.0588	2.0149	2.0355
December	2.0209	1.9901	2.0037